NewzIntel.com

Category: Banking

  • MIL-OSI: Malaga Financial Corporation Reports Earnings for the First Six Months of 2025

    Source: GlobeNewswire (MIL-OSI)

    PALOS VERDES ESTATES, Calif., July 16, 2025 (GLOBE NEWSWIRE) — Malaga Financial Corporation “Company” (OTCIQ:MLGF), the parent company of Malaga Bank FSB, today reported that net income for the six months ended June 30, 2025 was $10,950,000 ($1.16 basic and fully diluted earnings per share) compared to $11,791,000 ($1.25 basic and fully diluted earnings per share, as adjusted for the stock dividend declared on November 15, 2024) for the same period ended June 30, 2024. The $841,000 decrease in net income was primarily due to a $475,000 (net of tax) impact related to the Employment Retention Credit (ERC) received in the prior year. Net income for the quarter ended June 30, 2025 was $5,546,000 ($0.59 basic and fully diluted earnings per share), a decrease of $233,000 or 4% from net income of $5,779,000 ($0.61 basic and fully diluted earnings per share, as adjusted for the stock dividend declared on November 15, 2024) for the quarter ended June 30, 2024. For the first six months of 2025, the Company’s annualized return on average equity was 10.23% and the annualized return on average assets was 1.58%.

    The decrease in earnings of $233,000 for the second quarter of 2025 compared to second quarter of 2024 was primarily attributed to a $191,000 decrease in net interest income, a $92,000 decrease in recovery for provision for loan losses and a $73,000 increase in nonoperating expense offset by a $96,000 decrease in income tax expense and a $25,000 decrease in other operating expense.

    Net interest income totaled $11,016,000 in the second quarter of 2025, a decrease of $191,000 from the same period in 2024. This resulted primarily due to a decrease in average interest-earning assets of $60.0 million offset by an increase in the interest rate spread from 2.92% to 2.97%. The increase in the interest rate spread is primarily attributed to an increase of 0.09% in yield on average interest-earning assets offset by an increase of 0.04% in rate paid on average interest-bearing liabilities.

    Decrease of $92,000 in recovery for provision for loan losses between the second quarter 2025 and the same period in 2024 is primarily due to lower decrease in net loans.

    The nonoperating expense increase of $73,000 in the second quarter 2025 compared to the second quarter 2024, was primarily due to $51,000 in check fraud versus $22,000 in check fraud recovery for the same period in 2024.

    Operating expenses decreased 1% in the second quarter of 2025 to $3,423,000 from $3,448,000 in the second quarter of 2024. The decrease is primarily attributed to a decrease in compensation of $73,000, offset by increases in general and administrative of $19,000, depreciation and amortization of $19,000, and data processing of $9,000.

    The Company had no 30-day delinquent loans or loans with deferred payments and no foreclosed real estate owned at June 30, 2024. The Company’s allowance for credit losses was $3,678,000, or 0.30% of total loans, at June 30, 2025.

    Randy C. Bowers, Chairman, President, and CEO, commented, “As noted in the prior quarter, in the second quarter 2025 we continued to experience volatility and increased uncertainty in both the economic and political environment. We are generally satisfied with our results for the period and note the year-over-year impact of the 2024 ERC credit. Credit quality remains excellent, and expenses are well controlled. In spite of a very challenging operating environment, we remain optimistic going forward and wish to again thank our colleagues for their efforts in achieving these results.”

    Malaga Bank’s total assets decreased by 2% to $1.397 billion at June 30, 2025, compared to $1.425 billion at June 30, 2024. The loan portfolio at June 30, 2025, was $1.209 billion, a decrease of $26.9 million or 2% from June 30, 2024. Malaga originates loans principally for its own portfolio and not for sale.

    Malaga funds its assets with a mix of retail deposits, wholesale deposits and FHLB borrowings. Retail deposits totaled $718.5 million as of June 30, 2025, a $22.0 million decrease from $740.5 million at June 30, 2024. Wholesale deposits increased $31.9 million or 18% from $174.6 million at June 30, 2024, to $206.5 million at June 30, 2025. Wholesale deposits were primarily comprised of $155.5 million brokered long-term certificates of deposits and $51.0 million State of California certificates of deposits as of June 30, 2025. FHLB borrowings decreased $55.0 million or 20% from $280.0 million at June 30, 2024, to $225.0 million at June 30, 2025. The decrease in FHLB borrowings is an interest rate risk management strategy related to the decrease in net loan growth.

    As of June 30, 2025, Malaga Bank was in compliance with all applicable regulatory capital requirements and was deemed “well-capitalized” under applicable regulations. Core capital and risk-based capital ratios were 16.57% and 28.92%, respectively, at June 30, 2025, significantly exceeding the minimum “well-capitalized” requirements of 5% and 10%, respectively.

    Malaga Bank, a subsidiary of Malaga Financial Corporation, is a full-service community bank headquartered on the Palos Verdes Peninsula with six offices located in the South Bay area of Los Angeles. For over fifteen years Malaga Bank has been consistently recommended by one of the nation’s leading independent bank rating and research firms, Bauer Financial Inc. Malaga Bank was awarded Bauer’s premier Top 5-Star rating for the 70th consecutive quarter as of March 2025. Since 1985, Malaga Bank has been delivering competitive banking services to residents and businesses of South Bay, including real estate loan products custom-tailored to consumers and investors. As the largest community bank in South Bay, Malaga is proud of its continuing tradition of relationship-based banking and legendary customer service. The Bank’s web site is located at www.malagabank.com.

    Contact: Randy Bowers
      Chairman of the Board, President, and Chief Executive Officer
      Malaga Financial Corporation
      310-375-9000
      rbowers@malagabank.com

    The MIL Network –

  • MIL-OSI USA: ICYMI— Hagerty Joins Mornings with Maria on Fox Business to Discuss Rescissions Package, GENIUS Act, Trump’s Strategy on Russia

    US Senate News:

    Source: United States Senator for Tennessee Bill Hagerty

    WASHINGTON—Yesterday, United States Senator Bill Hagerty (R-TN), a member of the Senate Banking and Appropriations Committees and former U.S. Ambassador to Japan, joined Mornings with Maria on Fox Business to discuss Senate action on the rescissions package, his stablecoin legislation to strengthen digital asset regulation, and President Donald Trump’s strategy to end the war in Ukraine through tough secondary sanctions on Russia’s trading partners.

    *Click the photo above or here to watch*

    Partial Transcript

    Hagerty on the rescissions package and fiscal responsibility: “It’s amazing what we found when we looked into it, and the amount of this rescissions package is just a start. I think your interview with the Speaker [of the House Mike Johnson] was absolutely wonderful in terms of laying out the fact that we’re on a progression to bring fiscal responsibility back to America. It’s going to take several steps, but this rescissions package that’s coming before us this week is an incredibly important first step. What we’re going to see is a cutback on programs that have been wildly mismanaged. If you think about the way these programs have been allowed to grow– I mean, we’re funding lesbian programs in Canada. That’s absolutely ridiculous that U.S. taxpayers should be on the hook for these types of boondoggles. This is a major first step. I’m looking forward to getting it passed this week and continuing down the path of fiscal responsibility.”

    Hagerty on digital asset legislation and American innovation: “The most important thing to understand is the fact that the United States is turning the tide. The Biden administration did everything it could to wage war on the crypto industry in America, to shove that sort of innovation offshore. We’ve taken major steps with this legislation to bring it back, to create a regulatory framework that actually works here in America. I’m the author of the stablecoin legislation. I’ve had great assistance from our chairman Sen. Tim Scott, from Sen. Cynthia Lummis, and members of the Banking Committee. [Representative] French Hill and his team in the House have been absolutely wonderful to work with. And we’ve put together something on stablecoins that the president will be ready to sign at the end of this week. Stablecoins are a new payment system. It puts us into the digital asset arena, and it takes us off of a system that was designed in the 1970s and 80s– very clunky, sometimes taking five to 10 days to clear– and moves it onto the blockchain. It’s far more efficient, far more secure, and it sets the groundwork for the entire crypto industry to thrive here in America. That’s what the Clarity Act is about. That’s what the Anti-Central Bank Digital Currency Act is about. It’s moving this technology forward here in America and making certain we own this innovation going forward.”

    Hagerty on reinforcing the U.S. dollar and countering surveillance: “It [The GENIUS Act] will make it easier to move dollars, which again reinforces the U.S. dollar as the reserve currency. Each of these digital dollars is going to be backed one-for-one by U.S. Treasury securities. That’s going to stimulate demand for U.S. Treasurys, and the increased demand will bring rates down, which will be very positive for our borrowing cost right now at a time when we need it. There are many reasons to love this bill– the working capital it brings back into the system, the immediate access for small and mid-sized businesses. But importantly, we’re going to see this technology thrive here in America. There is a large number of my colleagues here in the Senate, like Sen. Elizabeth Warren, the leader of this group, who are proponents of central bank digital currencies, meaning they’d like to be able to surveil every transaction Americans make. I don’t think Americans want that at all. They’ve seen Operation Choke Point take many different forms. We do not want to empower the federal government to do that yet again.”

    Hagerty on President Trump’s Russia-Ukraine strategy: “I think it’s a very positive development. President Trump has gotten to the end of his rope dealing with Vladimir Putin and [Volodymyr] Zelensky, trying to resolve this conflict in Ukraine. And what he’s done is taken a major step forward, demonstrating his resolve, but he’s done it in a way that takes the American taxpayer off the hook. He’s putting the Europeans on the front line. He’s going to be depleting their stockpiles, not America’s, and they’re going to be paying for it. That moves us in the direction he’s been articulating for some time.”

    Hagerty on the 50-day deadline for Russia: “He’s issued a 50-day timeline. Just ask the Iranians– when President Trump issues a timeline, he expects it to be followed. And if it’s not, the consequences can be serious when he talks about sanctions at this level. I worked on imposing secondary sanctions in the first Trump administration. My job was to work on the Iranian regime and to stop countries around the world from buying Iranian crude oil. I got that done in Japan. It happened around the world. We brought Iran to its knees. And had it not been for voices like John Kerry pleading with them to wait until after the election to see if Joe Biden might win, we’d have had a very different situation in the Middle East. We’re coming back to that strategy now. President Trump has more than three years ahead of him to impose these sanctions, and they’re going to be crippling. The Russians understand this, and most importantly, they know President Trump means business.”

    Hagerty on restoring U.S. sanctions enforcement: “I can’t underscore this enough: Putin knows, and President Trump has demonstrated, that 50 days means 50 days. And if he violates that timeline, the consequences will be severe. Now, under [Treasury] Secretary Scott Bessent, we finally have the capacity to enforce our sanctions. Under Joe Biden, sanctions enforcement went away. That’s sad, because we had capable people at the U.S. Treasury who were responsible for doing this, and they were told to stand down. Now, Secretary Bessent is bringing in a team that understands exactly how to do this. We’re going to see real results.”

    MIL OSI USA News –

  • MIL-OSI: Agricultural Scientific Begins Construction on Innovative Hydroponic Greenhouse to Transform U.S. Food Supply Chain

    Source: GlobeNewswire (MIL-OSI)

    LAGRANGE, Ga., July 16, 2025 (GLOBE NEWSWIRE) — Agricultural Scientific, LLC announces that construction is now underway on the Agriculture Technology Campus (ATC), an innovative agricultural project in South Carolina set to transform food production in the Eastern U.S.

    Located at the 1,000-acre Agriculture Technology Campus, the high-tech hub will feature a hydroponic greenhouse and processing facility in Early Branch, SC. It will produce locally grown, organic tomatoes with 90% greater water efficiency than traditional farming, reducing dependence on imports from Mexico, California, and Canada.

    Initially announced in September 2020 during the COVID pandemic, the highly anticipated project that garnered international interest, has been galvanized through a strategic partnership between Phoenix Lender Services, a subsidiary of Community Bankshares, Inc. and Optus Bank of South Carolina.

    Backed by a complex capital stack of USDA Business & Industry and Food Supply Chain loans, the project will enable 400+ acres of hydroponic greenhouses to produce year-round vegetables, cutting water use and eliminating pesticides. Upon completion, this innovative project will bring $350 million in private capital investment and over 1000 direct jobs to rural Hampton County and the surrounding region.

    “This isn’t just about growing vegetables—it’s about reshaping the future of agriculture and re-shoring our critical U.S. supply chain,” said Zeb Portanova, CEO of Agricultural Scientific. “By producing fresh, high-quality produce closer to consumers, we can reduce food miles, cut emissions, and limit our reliance on foreign countries. Thank you to the United States Department of Agriculture Secretary Brooke Rollins for her integral support of this project.”

    Currently, 90% of vegetables consumed in the Eastern U.S. are transported from other countries and regions, leading to supply chain vulnerabilities and excessive carbon emissions. This project will drastically shorten food miles, ensuring fresher produce while slashing CO₂ emissions by approximately 600 metric tons per 100 truckloads.

    Key benefits of this initiative include:

    • Enhance food security by reducing reliance on imported produce from Mexico and Canada
    • Lower carbon emissions through sustainable, localized production
    • Align with retailers’ goals by providing fresher, locally grown, organic, and environmentally responsible products
    • Foster U.S.-based manufacturing growth and reinvestment in critical sectors that sustain communities and the economy
    • Generate hundreds of skilled agricultural jobs in South Carolina

    “This is a landmark moment for agriculture, rural America, and sustainability,” said Chris Hurn, President of Phoenix Lender Services and Community Bankshares, Inc. “By investing in local food production, we’re not only boosting U.S. agriculture but also bringing manufacturing back home, reducing reliance on foreign supply chains and creating lasting economic impact.”

    “This facility represents the future of sustainable food production,” said Reggie Webber, Chief Credit Officer of Optus Bank. “It’s not just an investment in farming—it’s an investment in economic stability, job creation, and environmental responsibility.

    “At Optus Bank, we are proud to bank on communities through innovation, impact, and economic empowerment. Our strategic partnership with Community Bankshares and their subsidiaries, Phoenix Lender Services, allows us to achieve a key strategic imperative for the Bank,” said Benita Lefft, President of Optus Bank.

    A total USDA loan capital stack of $46,157,187 was successfully structured through the partnership. This included two food supply chain loans totaling $29,610,400 and a Business & Industry (B&I) loan of $16,546,787.

    The ATC is developed and owned by Agricultural Scientific, LLC and leased to Lokal Harvest USA (LHUSA), a subsidiary of Harvest House, one of Europe’s largest and most successful greenhouse operators. With a track record of supplying major retailers like Walmart, Kroger, Sam’s Club, Trader Joe’s, and Publix, Lokal Harvest USA is well-positioned to scale operations and meet the rising demand for fresh, locally grown produce.

    “The Agriculture Technology Campus has been the talk of Hampton County since it was first announced, and the commencement of construction could not have come at a better time. We in Hampton County understand that good economic development has a direct tie to a better quality of life for all of our citizens, and we are excited about this innovative agricultural project. We thank everyone involved in the ATC project for their support, and we look forward to working with the company for decades to come as new jobs and opportunities emerge in Hampton County,” said Dr. Roy Hollingsworth, Chairman of Hampton County Council.

    “SouthernCarolina Alliance is delighted to see this critical project coming to fruition. We appreciate the support of our partners at USDA, the SC Dept. of Commerce, the SC Dept. of Agriculture, Phoenix Lender Services, Community Bankshares, and Optus Bank in facilitating this investment in our region. Good jobs and investment change communities, and this project will not only affect Hampton County locally, but also improve the quality of life in our region and beyond through both its economic impact and fresher, healthier produce for all,” said Danny Black, President and CEO, SouthernCarolina Alliance.

    This landmark project is more than just a local initiative—it’s a scalable model for the future of agriculture in the U.S. With federal support, private investment, and the expertise of global leaders in hydroponic agriculture, this initiative is poised to set a new standard for modern farming—one that delivers fresher produce, reduces environmental impact, and supports economic growth.

    Local, legislative and state leaders gathered at the construction site on July 16 to celebrate the partnership and view the construction underway.

    For more information, please visit The Agriculture Technology Campus https://agtechcampus.com.

    For more information about Phoenix Lender Services and its lending solutions, please visit www.phoenixlenderservices.com.

    ABOUT AGRICULTURE TECHNOLOGY CAMPUS (ATC)

    The Agriculture Technology Campus in Hampton County, SC, is a pioneering agricultural development designed to revolutionize food production through controlled-environment farming, sustainable growing practices, and strategic partnerships with global leaders in greenhouse technology. If you are interested in joining the ATC campus, please email info@gemozf.com. Backed by a complex capital stack of USDA Business & Industry and Food Supply Chain loans, the project will enable 400+ acres of hydroponic greenhouses to produce year-round vegetables, cutting water use and eliminating pesticides.

    ABOUT PHOENIX LENDER SERVICES

    Based in Georgia and serving clients nationwide, Phoenix Lender Services offers a comprehensive suite of commercial lending solutions, including loan underwriting, closing, and servicing; participant lender matching; secondary market sales; portfolio management; risk analysis; and compliance reviews and regulatory support. Our seasoned professionals combine extensive industry expertise in SBA, USDA, and other commercial government-guaranteed lending with industry-leading technologies to deliver tailored solutions that align with each client’s unique strategic goals. Phoenix Lender Services is leading the way in SBA and USDA commercial lending.

    ABOUT COMMUNITY BANKSHARES INC

    Community Bankshares, Inc. is a dynamic company that is revolutionizing the financial landscape via its support for America’s businesses. As a mission-focused company, we are redefining how lending capital is provided across the nation and its territories in ways that promote business stability and encourage local area prosperity. In doing so, we foster economic growth, job creation and retention, and community strength. https://communitybankshares.com/

    ABOUT OPTUS BANK

    Established in 1921, Optus Bank is a federally designated Minority Depository Institution (MDI) and certified Community Development Financial Institution (CDFI) dedicated to serving underserved communities. Optus is committed to Banking on Communities Through Innovation, Impact, and Economic Empowerment—providing access to capital, financial education, and full-service banking for individuals, small businesses, and mission-aligned organizations. https://optus.bank/

    ABOUT LOKAL HARVEST USA

    Lokal Harvest USA is a leading producer of hydroponic greenhouse vegetables, bringing advanced farming techniques and global supply chain expertise to the U.S. market in partnership with Harvest House, one of Europe’s largest greenhouse operators.

    https://agtechcampus.com/

    MEDIA CONTACT

    Abigail Davison
    Uproar PR by Moburst for Community Bankshares, Inc.
    abigail.davison@moburst.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e99b9c29-2298-468a-8d70-705020ace65d

    The MIL Network –

  • MIL-OSI Africa: In Burkina Faso, cashew cultivation is a lever for sustainable and inclusive rural development

    Source: APO

    Launched in 2017 and completed in 2024, the Cashew Development Support Project in the Comoé Basin for REDD+ (PADA/REDD+) exemplified sustainable development. The project combined poverty reduction, ecological transition and the empowerment of women and young people, achieving a remarkable implementation rate of 95 percent.  It has revitalised the cashew nut industry, Burkina Faso’s third largest agricultural export after cotton and sesame.

    The PADA/REDD+ project received support from the African Development Bank, which granted a loan of $4 million, and the African Development Fund, the Bank Group’s concessional funding window, with a grant of $1.39 million, representing 61 percent of the total project cost of $8.82 million. The government of Burkina Faso and the beneficiaries provided the remaining funding.

    The project mobilised the necessary resources to contribute to the sustainable transformation of the Cascades, Hauts Bassins and South-West regions, with significant participation from women. It enabled producers to reduce maintenance costs, improve soil fertility and structure, and increase cashew productivity and incomes in a sustainable manner.

    Climate action combined with agricultural production

    The first component of the PADA/REDD+ focused on carbon sequestration. This resulted in the creation of seven tree parks, the production of more than 1.6 million improved seedlings and the development of approximately 27,000 hectares of agroforestry plantations. One-third of these plantations are maintained by women, underlining the project’s commitment to promoting social inclusion. A total of 35,340 producers, including 6,047 women, were trained in good agricultural and organic practices.

    This capacity-building approach for producers and processors equipped each stakeholder with the skills required to meet their needs and expectations, particularly in mastering technical production and processing methods.

    Adama Patrick Sombié, a cashew nut processor in Bérégadougou, confirms his satisfaction: “Before the project, there were no cashew tree parks in the village, only forest and a few orchards. When the project offered plots to promoters, I signed up and received two hectares.”

    Access to finance and modernization of processing

    The second component of the project focused on strengthening value chains. Long hampered by limited access to finance, the sector’s development has benefited from an innovative partnership with the umbrella organisation of Burkina Faso’s Caisses populaires banks, alongside savings and loan cooperatives.

    This mechanism enabled investment loans to be granted based on a sliding scale of interest rates, financing 103 microprojects for a total of 888 million CFA francs, or approximately $500,000. The project also created 9,580 additional “green” jobs, 92.66 percent of which were for women, by financing micro-investment projects.

    Thanks to the funding provided, seven processing units were modernised. A new unit called “Tensya” was established in the commune of Toussiana, and three warehouses were built, one of which is reserved for women. The project also enabled the purchase of 12 trucks and 45 tricycles, training in good practices for 631 people, strengthening the environmental skills of 477 stakeholders, and the construction and equipping of infrastructure such as a cooking and shelling centre for women in Diéri, entirely subsidised by the African Development Bank.

    An inclusive and sustainable impact

    These microprojects reached nearly 18,000 people, 61 percent of whom were women, further strengthening the inclusive approach of PADA/REDD+. “This project is a blessing for us. Thanks to the income generated, we can send our children to school and keep them healthy. Before, we used to sell our products at rock-bottom prices, but now, with our own processing units, we control the entire value chain,” says Aramatou Barro, a processor in Diéri.

    Christiane Koné, a processor in Toussiana, confirms this postive impact: “Thanks to the project, we have been able to purchase six automatic shelling machines, which are twice as fast as our 25 manual shelling tables.”

    At the same time, the project structured supply networks, ensured that 96 cooperatives complied with OHADA (Organization for the Harmonization of Business Law in Africa) standards and implemented an environmental management plan. Working conditions have improved significantly. Isso Kindo, a trader in Bobo-Dioulasso, says: “Transport was our main obstacle. Today, thanks to the truck financed by the project, I can transport up to 60 tonnes of nuts from the towns of Banfora and Mangodara.”

    The impact of PADA/REDD+ can also be measured in terms of job creation for young people and rural entrepreneurs. In Orodara, Arzouma Zougouri, a producer and business owner, explains that “the project’s support has enabled me to better equip my processing unit. I’ve gone from 200 to 300 employees,” he says proudly.

    By structuring the cashew nut sector sustainably, increasing productivity and strengthening local processing, PADA/REDD+ achieved its objectives whilst laying the foundations for more resilient rural development. Its contribution to carbon sequestration through agroforestry plantations strengthens its environmental impact. Perennial plantations, modernised agricultural practices, a strengthened local processing network and better access to finance were the pillars of this success.

    Distributed by APO Group on behalf of African Development Bank Group (AfDB).

    Media files

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    MIL OSI Africa –

  • MIL-OSI Russia: Financial news: Methodological recommendations, including control ratios (NO AIF and UK, NO BKI, NO PURTSB, NO SD)

    Translation. Region: Russian Federal

    Source: Central Bank of Russia –

    An important disclaimer is at the bottom of this article.

    The final XBRL taxonomy of the Bank of Russia (version 7.0), in comparison with the preliminary XBRL taxonomy of the Bank of Russia (version 7.0), contains architectural amendments to the supervisory and statistical reporting module, as well as control ratios of indicators of supervisory and statistical reporting of non-credit financial institutions, entities providing professional services in the financial market, and self-regulatory organizations in the financial market (hereinafter referred to as financial market participants).

    The final XBRL taxonomy of the Bank of Russia (version 7.0) contains a finalized set of requirements for reporting data in terms of supervisory and statistical reporting for the following segments:

    1) insurance organizations, mutual insurance societies, foreign insurance organizations (subject to the entry into force of the draft Bank of Russia instruction1);

    2) non-state pension funds (subject to the entry into force of the draft Bank of Russia instruction2);

    3) professional participants in the securities market, trade organizers, clearing organizations (subject to the entry into force of the draft Bank of Russia instruction3);

    4) joint-stock investment funds, investment fund management companies, mutual investment funds, non-state pension funds (subject to the entry into force of the draft Bank of Russia instruction4);

    5) specialized depositories (subject to the entry into force of the draft Bank of Russia instruction5);

    6) credit rating agencies (subject to the entry into force of the draft Bank of Russia instruction6);

    7) insurance brokers (subject to the entry into force of the draft Bank of Russia instruction7);

    8) credit history bureau (subject to the entry into force of the draft Bank of Russia instruction8);

    9) operators of investment platforms, operators of financial platforms, operators of information systems in which digital financial assets are issued, operators of digital financial asset exchange (subject to the entry into force of the draft Bank of Russia instruction9);

    10) payment acceptance operators (subject to the entry into force of the draft Bank of Russia instruction10);

    11) self-regulatory organizations in the financial market (submission in accordance with the current Bank of Russia Instruction dated 10.06.2024 No. 6744-U11).

    The final XBRL taxonomy of the Bank of Russia (version 7.0) also contains a finalized set of requirements for reporting data on cash transactions (OKUD 0420011) (presentation in accordance with the current Bank of Russia Instruction dated 28.06.2024 No. 6789-U12) and requirements for reporting data of annual consolidated financial statements (presentation in accordance with the current Bank of Russia Instruction dated 20.07.2020 No. 5510-U13).

    The specified version of the XBRL taxonomy of the Bank of Russia is intended for review.

    In the future, it is planned to publish a corrective version of the final XBRL taxonomy of the Bank of Russia (version 7.1), which will include corrected control ratios and other targeted improvements, with a planned entry into force date of 01.01.2026.

    Information about the pilot collection of test reporting will be provided additionally.

    Please note that the final XBRL taxonomy of the Bank of Russia (version 7.0) does not contain requirements for the accounting (financial) reporting of non-credit financial institutions and persons providing professional services in the financial market.

    1 The project of instructions of the Bank of Russia “On the Forms, Dates and Procedure of the Compilation and Presentation of the Reporting of Insurers to the Bank of Russia.” The project of the Bank of Russia “On Amending the Bank of Russia dated June 28, 2024 No. 6796-U”. and clearing organizations, as well as other information. ”4 Project of the Bank of Russia instructions“ On Amending the Bank of Russia dated October 5, 2022 No. 6292-U. ”Design of indicating the Bank of Russia“ On Amending the Bank of Russia dated September 27, 2022 No. 6270-U. ”The draft of the Bank of Russia instruction“ On the content of the reporting of the credit rating agency, the subject, form, form and form of terms and procedure, form, form and manner. its compilation and submission to the Bank of Russia. ”The project of instructions of the Bank of Russia“ On Amendments to the Bank of Russia dated June 28, 2024 No. 6795 ”.8 The draft Bank of Russia instructions“ On Amending the Bank of Russia dated September 27, 2022 No. 6267-U. ”9 Draft of the Bank of Russia instructions “On the procedure and the terms for the procedure and submission to the Bank of the reports of investment operators platforms, reporting of financial platforms operators, information systems operators in which digital financial assets are issued, digital financial assets exchange operators, reports of investment platform operators and the composition of the information included in them, financial platform operators, as well as the procedure for reporters of investment platforms, financial platform operators, and information operators. systems in which digital financial assets are issued, information exchange operators to the Bank of Russia information about persons who are entrusted with identification, simplified identification, updating information about customers, customer representatives, beneficiaries and beneficial owners .10 Project of the Bank of Russia “On the form, Preject of drawing up, terms and procedure for submitting to the Bank of Russia Bank reports of operators for receiving payments, on the procedure for the report of the Bank of Russia, information about persons who are entering the receipt of identification, updating information about clients, customer representatives, beneficiaries and beneficial owners .11 Bank of Russia indication dated 10.06.2024 No. 6744-U “On the content, forms, procedure and terms for compiling and submission to the Bank of Russia in the Bank of Russia Reporting of a self-regulatory organization in the field of the financial market. ”12 Bank of Russia indication dated 06.28.2024 No. 6789-U “On the forms, terms and procedure for drawing up and submission to the Bank of Russia reports on transactions with cash funds of individual non-credit financial organizations. ”13 Bank of Russia indication dated 20.07.2020 No. 5510-U“ On the Procedure and Dates for submission to the Russian Banking Bank Consolidated financial statements by organizations specified in paragraphs 2-5 of part 1 of Article 2 of the Federal Law of July 27, 2010 No. 208-ФЗ “On Consolidated Financial Reporting”.

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News –

  • MIL-OSI Russia: Financial News: Questions and Answers: Social Bank Deposit and Social Bank Account

    Translation. Region: Russian Federal

    Source: Central Bank of Russia –

    An important disclaimer is at the bottom of this article.

    Updated: 18.03.2024

    The following persons have the right to insurance compensation:

    – small businesses;

    — non-profit organizations (NPOs) that operate in one of the following organizational and legal forms:

    a) property owners’ associations;

    b) consumer cooperatives, with the exception of financial institutions;

    c) Cossack societies included in the register of Cossack societies;

    d) communities of indigenous peoples of Russia;

    d) religious organizations;

    e) charitable foundations;

    3) NPOs – providers of socially useful services that meet the requirements established by Federal Law No. 7-FZ of 12.01.1996 “On Non-Commercial Organizations”, information about which is contained in the register of non-commercial organizations – providers of socially useful services.

    From 25.03.2024, the deposit insurance system will also extend to:

    1) medium-sized enterprises included in the relevant register, with the exception of entities that are credit institutions and non-credit financial institutions in accordance with the Federal Law “On the Central Bank of the Russian Federation (Bank of Russia)”;

    2) socially oriented non-profit organizations, as well as trade unions (trade union organizations).

    3) lawyers, notaries and other persons carrying out professional activities provided for by federal law.

    The maximum amount of insurance compensation will be 1.4 million rubles for accounts and deposits in one bank.

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News –

  • MIL-OSI Russia: Financial news: Monitoring of enterprises: growth of business activity has slowed.

    Translation. Region: Russian Federal

    Source: Central Bank of Russia –

    An important disclaimer is at the bottom of this article.

    The Bank of Russia’s Business Climate Indicator (BCI) stood at 1.5 points in July, down from 3.0 points a month earlier. Current production and demand estimates, as well as short-term expectations, were below the June level. Business price expectations increased slightly after 6 months of decline. Companies’ investment activity grew more slowly than in Q2 2025.

    Read more in the July issue of the information and analytical commentary “Monitoring of enterprises”.

    Starting from this issue, the Bank of Russia will regularly publish data on the main indicators of enterprise monitoring by macroregions. In addition, survey data on types of economic activity and groups of enterprises in time series format are now available inData retrieval service (API).

    Preview photo: Eric Romanenko / TASS

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News –

  • MIL-OSI Russia: Financial news: Annual inflation falls for fifth month in a row.

    Translation. Region: Russian Federal

    Source: Central Bank of Russia –

    An important disclaimer is at the bottom of this article.

    In June, annual inflation decreased to 9.4%. Seasonally adjusted monthly price growth was 4.0% in annual terms. Differences in price dynamics by groups of goods and services remained significant.

    The monthly increase in food prices has decreased. The rate of increase in meat prices has decreased the most, while fruits and vegetables have become cheaper faster than the seasonal norm. The growth in prices for household and medical services has slowed somewhat, but remains high. Prices for non-food products, excluding petroleum products, have not changed on average.

    Despite the decline, annual inflation in June was still significantly above the target. The Bank of Russia intends to return it to 4.0% in 2026 and keep it close to this level in the future.

    For more details, read the Bank of Russia’s information and analytical commentary “Dynamics of consumer prices”.

    Preview photo: Leny Studio / Shutterstock / Fotodom

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News –

  • MIL-OSI Russia: Financial news: Guarantee system for IIS-3.

    Translation. Region: Russian Federal

    Source: Central Bank of Russia –

    An important disclaimer is at the bottom of this article.

    A system of guaranteeing property on individual investment accounts (IIA) of the third type will appear in Russia. It will be possible to count on compensation for assets in the event of bankruptcy of the professional participant who was engaged in maintaining the account. Such law adopted by the State Duma.

    The compensation fund will be formed from voluntary contributions of professional participants who work with IIS and have joined the guarantee system. The operator of the system will be the currently operating Federal Public-State Fund for the Protection of the Rights of Investors and Shareholders, which will be renamed the Individual Investment Account Guarantee Fund. It will determine the amount of contributions and will be responsible for payments.

    An affected investor may apply to this fund if he/she has not received his/her assets in full within 6 months after the professional participant has been declared bankrupt and bankruptcy proceedings have begun. The maximum compensation amount is 1.4 million rubles for all accounts opened with the bankrupt.

    The law defines the specifics of participation in the guarantee system, the procedure for the formation of the compensation fund and the investment of its funds, and also establishes requirements for the structure and powers of the governing bodies of the system operator.

    Preview photo: Cholpan / Shutterstock / Fotodom

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News –

  • MIL-OSI Russia: Financial news: Mass implementation of the digital ruble will begin on September 1, 2026

    Translation. Region: Russian Federal

    Source: Central Bank of Russia –

    An important disclaimer is at the bottom of this article.

    The largest banks will have to be the first to provide their clients with the opportunity to use digital rubles: open accounts, make transfers, pay for purchases and services, and perform other transactions. Gradually, by September 2028, all banks will have this obligation. The corresponding law The State Duma adopted it today.

    Trading companies that are clients of the largest banks and whose revenue for the past year exceeds 120 million rubles will also have to provide the ability to pay for goods and services in a digital form of the national currency from September 1, 2026.

    Banks with a universal license and their clients — trading companies with annual revenue of over 30 million rubles — will have to start working with digital rubles from September 1, 2027. Other banks and sellers with revenue of less than 30 million rubles per year — from September 1, 2028. The obligation to accept payments in digital rubles will not apply to retail outlets whose annual revenue is less than 5 million rubles.

    The law also sets the launch dates for a universal QR code based on the National Payment Card System (NSPK) solution. It will allow both buyers and sellers to significantly simplify the payment process without cards and avoid confusion when there are many QR codes at the checkout. The universal QR code can be used to access various payment options: the Fast Payment System, banking services or installment plans, and in the future, digital rubles. At the same time, the bonuses and discounts of the selected payment method are retained.

    All banks must complete the preparation of their systems to work with the universal QR code by September 1, 2026. However, they can do it earlier if they wish.

    NSPK will provide banks with a free universal QR code service. This will reduce their integration costs. The timeframes within which banks will be required to connect the universal QR code to sellers will be determined by the Board of Directors of the Bank of Russia.

    Let us recall that digital rubles will be in circulation along with cash and non-cash. People will be able to create a wallet and use the digital national currency through the usual applications of banks connected to the digital ruble platform of the Bank of Russia. All transactions with the digital national currency for citizens will be free. The choice of whether to use digital rubles or not remains with the person.

    Read more about the digital ruble on the website Bank of Russia.

    Preview photo: Hamara / Shutterstock / Fotodom

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News –

  • MIL-OSI Russia: Financial News: What the trends say: Inflation is returning to target.

    Translation. Region: Russian Federal

    Source: Central Bank of Russia –

    An important disclaimer is at the bottom of this article.

    In June, the monthly growth of seasonally adjusted consumer prices slowed down, and in annual terms it was close to the inflation target. Inflation expectations of enterprises and the population decreased, and the growth of enterprise costs slowed. At the same time, price dynamics remain uneven across segments, and fixing inflation at the target level requires additional confirmation. A sustainable reduction in inflation to 4% and its stabilization at this level require maintaining tight monetary conditions for a long time.

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News –

  • MIL-OSI Russia: Financial News: Institutions Should Be More Responsible About Stock Investing

    Translation. Region: Russian Federal

    Source: Central Bank of Russia –

    An important disclaimer is at the bottom of this article.

    The Bank of Russia has developed Code of Responsible Investment for banks, insurers, management companies, NPFs and other institutional investors who place funds in equity instruments. The regulator suggests that they adhere to a number of principles that will increase the return on investment not only through effective management of the securities portfolio, but also through active interaction with issuers.

    Institutional investors are currently little involved in the corporate governance of joint-stock companies. The Code requires them to be more actively involved in the life of issuers in order to improve the long-term prospects of companies – primarily to help increase their shareholder value. When investing, “institutionalists” should pay attention primarily to companies that have adopted strategy to increase shareholder valueIf such a document does not exist, investors can exercise their corporate rights and encourage the issuer to develop it.

    Those who adhere to the Code are required to publicly report annually on their compliance with these principles.

    Compliance with the principles of the Code will contribute to the development of the equity capital market and increase the capitalization of the Russian stock market.

    Preview photo: Sirtravelalot / Shutterstock / Fotodom

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News –

  • MIL-OSI Russia: Financial News: Regional Economy Report: Economic Activity Growth Moderates

    Translation. Region: Russian Federal

    Source: Central Bank of Russia –

    An important disclaimer is at the bottom of this article.

    In May and June, growth in production and consumption became more moderate. However, the situation was uneven across industries and regions.

    More restrained dynamics of demand in the housing market reduced the launch of new projects in many regions of the country, furniture production in Central Russia and the Volga region decreased. At the same time, cargo turnover of the ports of the Far East increased again, the output of meat and dairy enterprises in the Urals and the North-West remained at a high level. In Siberia, after 2 years of growth, the volumes of paper and paper products production stabilized, including due to difficulties with export.

    Special topics of this issue are the dynamics of import deliveries and stocks, the situation on the labor market, and the passenger car market.

    Read more in the July report “Regional Economy: State University Comments”.

    Preview photo: Donat Sorokin / TASS

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News –

  • MIL-OSI Canada: Support for the Canadian Steel Sector

    Source: Government of Canada News

    This move comes in response to both U.S. tariffs on steel and global steel overproduction, which are pushing foreign exporters to find new places to sell their steel—including Canada. Strengthening these import limits will help prevent the Canadian market from being overwhelmed with cheap steel, while still making sure Canadian businesses that rely on steel can continue to get the supply they need.

    Canada is among the countries most affected by global steel tariffs. It is one of the world’s largest per capita importers of steel. Canadian steel producers are highly trade exposed, exporting just over 50 per cent of their annual production in 2024, during which over 90 per cent went to the U.S. Our steel industry is a cornerstone of the national economy—critical to building infrastructure, supporting advanced manufacturing, and securing our future prosperity. Canada is proud of our highly skilled steelworkers and the strong, resilient industry they power. However, rising trade pressures and market disruptions demand a clear and proactive response. The government is taking decisive steps to protect, stabilize, and pivot our steel sector. Canada needs steel to build Canada strong – homes, bridges, transit, and the clean economy of tomorrow—and the government is committed to ensuring our industry is ready to meet that demand.

    Tariff rate quotas

    Tariff rate quotas (TRQs) allow a certain amount of steel to come in at a reduced tariff or tariff-free. After that limit is reached, higher tariffs apply. The government is strengthening the TRQs for steel products implemented on June 27, 2025.

    This move comes in response to both U.S. tariffs on steel and global steel overproduction, which are pushing foreign exporters to find new places to sell their steel—including Canada. Strengthening these import limits will help prevent the Canadian market from being overwhelmed with cheap steel, while still making sure Canadian businesses that rely on steel can continue to get the supply they need.

    • Effective August 1, 2025, the TRQs will be extended to countries that have a free trade agreement in force with Canada, with the exception of the United States and Mexico. This will result in a 50 per cent surtax being applied on steel imports above 100 per cent of 2024 levels.
    • For those countries that do not have a free trade agreement with Canada, the quota for tariff-free imports will be reduced to 50 per cent of 2024 levels. A 50 per cent surtax will be applied on steel imports exceeding this threshold.
    • The government will consult with industry to finalize adjustments to other design elements of the tariff rate quotas.

    Melt and Pour Tariffs

    A 25 per cent surtax will also be applied on imports from all countries other than the U.S. that contain steel melted and poured in China. This will increase transparency in the domestic supply chains and help prevent circumvention of Canada’s trade measures. The product scope of the surtax would align with the existing China Surtax Order on steel. This measure will be implemented before the end of July.

    Strategic Innovation Fund

    The government will provide up to $1 billion to the Strategic Innovation Fund to support the steel industry’s transition toward new lines of business and to strengthen domestic supply chains. This investment will help the sector pivot to emerging opportunities, modernize production capabilities, and better serve the Canadian market. By fostering innovation and adaptability, this funding will build a more resilient, competitive, and sustainable steel industry for the future. Funding will be provided to support the competitiveness of Canada’s steel companies by:

    • Enhancing competitiveness of domestic steel companies to serve the domestic market;
    • Supporting the production of steel products not currently produced in Canada;
    • Supporting the production of steel products needed by strategic sectors such as defence; and,
    • Anchoring the presence of steel companies that are, or would become, commercially viable in a sustained tariff environment.

    Labour Market Development Agreements

    The government is investing $70 million over three years for steel workers via Labour Market Development Agreements with provinces and territories.

    • Supports will be developed in partnership with workers, employers and provinces and territories to retrain and upskill up to 10,000 steel workers.
    • Funding will support access to targeted training, reskilling financial-related supports, and job retention programs to ensure workers can continue contributing to a resilient and competitive steel sector and in-demand jobs.
    • These measures will benefit mid-career, long-tenured steel workers affected by U.S. tariffs and global market shifts.

    Regional Tariff Response Initiative

    In March 2025, the Government of Canada announced funding to Canada’s regional development agencies so they could better support businesses impacted by U.S. tariffs. Up to $150 million of the $450 million Regional Tariff Response Initiative (RTRI) will be targeted to SME projects in the steel sector. The RTRI will be launched very shortly and more details will be available for potential applicants at that time.

    Large Enterprise Tariff Loan Facility

    In March 2025, the government announced the creation of Large Enterprise Tariff Loan (LETL), a new $10 billion financing facility to support Canadian companies affected by actual or potential tariffs and countermeasures.

    The Large Enterprise Tariff Loan facility terms will be revised to enable the Canada Enterprise Emergency Funding Corporation to provide targeted support the steel industry. These changes include:

    • Reducing the proposed initial interest rate from CORRA + 400 basis points to CORRA + 200 basis points
    • Reducing the minimum annual revenue criterion from $300 million to $150 million,
    • Reducing the minimum loan size criterion from $60 million to $30 million,
    • Extending the loan maturity from 5 years to 7 years,
    • Enabling the Canada Enterprise Emergency Funding Corporation to hold equity in companies,
    • Requiring companies prioritize worker retention.

    Procurement

    Through changes to federal procurement processes, companies contracting with the government will be required, where possible, to source steel from Canadian companies. Companies will only be granted a Ministerial exemption if they attest in writing that no Canadian steel producer could or wants to produce the steel required. Alternatively, companies will be required to provide proof that the requirement would raise the cost to unstainable levels or delay critical equipment required by the Government for defence, national security or other key sectors.

    Pivot to Grow

    Launched in winter 2025, Pivot to Grow is a $500 million fund administered by the Business Development Bank of Canada (BDC) and seeks to help small and medium-sized enterprises transition to new markets and increase productivity.

    The BDC will provide more flexible repayment terms through its Pivot to Grow fund, with the financing to provide liquidity support to eligible steel Small and Medium-sized Enterprises (SMEs) facing liquidity concerns. Further details will be available from BDC shortly.

    MIL OSI Canada News –

  • MIL-OSI: EIB submits SEC Form 18-K/A Amendment No. 2 EIB Update on Excluded Activities

    Source: GlobeNewswire (MIL-OSI)

    For immediate release

    16 July 2025

    EIB submits SEC Form 18-K/A Amendment No. 2

    The European Investment Bank (EIB) has submitted its SEC Form 18-K/A Amendment No. 2.

    To view the document, please go to EDGAR Filing Documents for 0000950157-25-000575

    The 18-K/A has also been posted on the EIB website:

    Amendment to the Annual Report 2024 (Form 18-K/A Amendment No 2)

    ENDS

    The MIL Network –

  • MIL-OSI USA: Rep. Dan Goldman’s Statement on American Citizen Murdered in the West Bank

    Source: US Congressman Dan Goldman (NY-10)

    “I am outraged by the brutal murder of Saif Musallet, a Palestinian American, by Israeli settlers in the West Bank. There must be a full investigation, and those responsible must be held accountable to the fullest extent of the law. 

    “Since the atrocities committed by Hamas on October 7, I have repeatedly warned of the dangers of escalating violence against Palestinian civilians by Israeli settlers in the West Bank. This conduct erodes democracy in Israel and the possibility of peace in the region, and I urge the Israeli government to enforce the rule of law by ensuring accountability for those who perpetrated this act.  

    “My heart goes out to Saif’s family. I will continue to push for justice and democracy in the West Bank in pursuit of a lasting peace in the region.” 

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    MIL OSI USA News –

  • MIL-OSI Canada: Prime Minister Carney announces new measures to protect and strengthen Canada’s steel industry

    Source: Government of Canada – Prime Minister

    Canada is one of the countries most exposed to the fundamental restructuring of the global steel industry, with substantial steel exports, high per capita use, and a disproportionately open import market. To remain competitive and grow our economy, Canada must reinforce our strength at home. Our objective is to stabilize the domestic steel market and prevent harmful trade diversion amid current tensions in global steel trade.

    Today, the Prime Minister, Mark Carney, announced a suite of targeted measures to stand behind Canada’s steel industry, protect Canadian careers, and invest in our homegrown industrial capacity to build Canada strong. Canada’s new government will:

    1. Restrict and reduce foreign steel imports entering the Canadian market
      • As stated on June 19, 2025, Canada’s new government promised to review our tariff rate quotas for non-free trade agreement (FTA) partners in 30 days. To that end, the following changes to tariff rate quotas will take effect in the coming days.
      • First, Canada will tighten the tariff rate quota levels for steel products from non-FTA countries from 100% to 50% of 2024 volumes. Above those levels, a 50% tariff will apply.
      • Second, for non-U.S. partners with which we have an FTA, Canada will introduce a tariff rate quota level for steel products at 100% of 2024 volumes and apply a 50% tariff on steel imports above those levels.
      • Existing arrangements with our CUSMA partners will remain the same, including no changes to our current trade measures with the U.S.
      • The government is reviewing its remission framework to favour the use of Canadian steel and aluminum in Canadian-made products. Canada will reassess its existing trade arrangements with respect to steel, consistent with progress made in the bilateral discussions with the U.S. and taking into account broader steel negotiations.
      • Canada will also implement additional tariffs of 25% on steel imports from all non-U.S. countries containing steel melted and poured in China before the end of July.
      • These measures will ensure Canadian steel producers are more competitive by protecting them against trade diversion resulting from a fast-changing global environment for steel, creating more resilient supply chains, and unlocking new private capital in Canadian production.
    2. Invest in Canadian steel workers and production
      • Building on the enhancements to Employment Insurance (EI) and the EI Work-sharing, the government is investing $70 million in Labour Market Development Agreements to provide training and income supports for up to 10,000 affected steel workers. Through reskilling investments and increased worker supports, we will ensure workers have the skills and support they need to meet the future needs of the industry.
      • To strengthen and ready the workforce to build a more resilient steel industry, Canada will provide $1 billion to the Strategic Innovation Fund to help steel companies advance projects that will increase their competitiveness within the domestic market, catalyze production of steel products not currently produced in Canada, and create jobs in sectors such as defence.
      • The Business Development Bank of Canada Pivot to Grow initiative is being enhanced to provide support to eligible steel small and medium-sized enterprises facing liquidity challenges.
      • The steel industry will be prioritized with $150 million as part of the government’s Regional Tariff Response Initiative through the Regional Development Agencies.
      • Finally, the Large Enterprise Tariff Loan will be updated to expand eligibility and provide lower cost financing to firms in the steel industry. These changes will include reducing the minimum annual revenue requirement from $300 million to $150 million, reducing the minimum loan size from $60 million to $30 million, extending the loan maturity from 5 to 7 years, reducing the initial interest rate, and requiring companies to prioritize worker retention.
    3. Prioritize Canadian steel to build big projects
      • As the federal government delivers on its mandate to build major, national projects and millions more homes faster, we will ensure Canadian steel and other Canadian materials are prioritized in construction. We will also change federal procurement processes to require companies contracting with the federal government to source steel from Canadian companies.

    At this transformative moment, we are shifting from reliance to resilience – using Canadian steel to protect our sovereignty, grow our industries, export our energy, and build one strong Canadian economy. It’s time to build big, build bold, and build the strongest economy in the G7 using Canadian steel.

    Quotes

    “Our steel industry will be central to Canada’s competitiveness, our security, and our prosperity. As Canada moves from reliance to resilience, Canada’s new government is taking a series of major measures to support, reinforce, and transform the industry to be more resilient in the face of profound shifts in global trade and supply chains.”

    “Our government continues to defend Canadian workers, businesses, and investments as we navigate the new trading environment. At the same time, we are actively strengthening our domestic producers through the significant additional supports announced today, enabling them to build essential infrastructure and ensure the prosperity of workers throughout this key Canadian industry.”

    “Protecting Canada’s steel industry means defending Canadian jobs, securing our economic sovereignty, and building the future right here at home. Canada’s steelworkers are critical to building a strong Canadian economy; protecting their jobs is protecting Canada’s economic future.”

    “Steel workers and their industry are vital to Canada’s economy. Canada will support workers as their jobs are threatened by tariffs. Today’s announcement will help workers access skills training and retraining tailored to the needs of the steel sector. As we build the strongest country in the G7, the message to Canadian steel workers is clear: we are with you.”

    “Canada is building faster and stronger. By prioritizing Canadian steel and other materials in our projects, we are taking important steps to prioritize Canadian suppliers, protect well-paying jobs, strengthen our supply chain, and support our industry in the face of unjustified U.S. tariffs.”

    Associated link

    MIL OSI Canada News –

  • MIL-OSI USA: Chairman Mann Leads Subcommittee Hearing on Safeguarding U.S. Agriculture, Disease Prevention in Animal Health

    Source: United States House of Representatives – Representative Tracey Mann (Kansas, 1)

    WASHINGTON, D.C. – Today, Rep. Tracey Mann (KS-01), chairman of the House Agriculture Committee’s Subcommittee on Livestock, Dairy and Poultry, led a subcommittee hearing entitled “Safeguarding U.S. Agriculture: The Role of the National Animal Health Laboratory Network (NAHLN).” During the hearing, the Chairman underscored the vital role the National Animal Health Laboratory Network plays in mitigating foreign animal diseases like the Highly Pathogenic Avian Influenza, African Swine Fever, and New World Screwworm. 

    Chairman Mann also emphasized the role institutions like the Kansas Veterinary Diagnostic Laboratory and the National Bio and Argo-Defense Facility play in preventing animal diseases from spreading and highlighted the devastating impact the New World Screwworm would have on cattle producers in the Big First District and across the country if it reaches U.S. borders. The Chairman ended his questioning touting investments the One Big Beautiful Bill Act made into animal health research, strengthening the nation’s food supply chain and better positioning the United States to focus on disease prevention rather than outbreak control. 

    Excerpts:

    [Opening Statement as Prepared]: “Good morning and thank you all for joining us at today’s hearing. I am excited to chair this hearing of the House Agriculture Committee’s Subcommittee on Livestock, Dairy, and Poultry, where we will focus on the important work of the National Animal Health Laboratory Network, or NAHLN. As a fifth-generation Kansas farm kid I grew up riding pens and doctoring cattle at my family’s preconditioning feedlot and I intimately understand the vital role that animal health plays in all livestock and poultry operations. 

    The National Animal Health Laboratory Network is a critical piece of our ability to respond to and mitigate foreign animal diseases. Originally comprised of 12 laboratories when created in 2002, the NAHLN network has grown to include over 60 State and university laboratories, including the Kansas State Veterinary Diagnostic Laboratory in Manhattan, Kansas.  

    These labs are strategically placed across the United States to support animal agriculture by developing and increasing the capabilities and capacities to support early detection, rapid response, and appropriate recovery from high-consequence animal diseases. Put simply, they are our first line of defense. 

    These labs do not operate in a vacuum. The NAHLN network is successful because of partnerships between Federal, State, and university-associated animal health laboratories and experts. This partnership is critical to response efforts when foreign animal diseases are detected, such as Highly Pathogenic Avian Influenza, New World Screwworm, African Swine Fever, and so many more.  

    Today, you will hear from a panel of experts who work at NAHLN laboratories. These experts will be able to share pertinent information about the critical work they do – whether it be tracking the New World Screwworm outbreak in Mexico, identifying the move of hi-path into dairy cattle in Texas, working with the National Bio and Agro-Defense Facility in Kansas, or crucial swine testing in Iowa. 

    This hearing could not come at a better time to highlight the work of the NAHLN laboratories and talk about the need for additional resources. As of two weeks ago, funding for NAHLN – as well as funding for the National Animal Disease Preparedness and Response Program and National Animal Vaccine and Veterinary Countermeasures Bank – was substantially increased in the One Big Beautiful Bill. 

    The One Big Beautiful Bill included $233 million per year for the three-legged stool, with $10 million per year directed towards the NAHLN laboratories, which is on top of existing discretionary funding. This funding will increase diagnostic capabilities, improve research, assist in disease surveillance, and strengthen our overall capacity as a nation to prevent, detect, and mitigate foreign animal diseases. I am proud of the work this Committee did to shore up our animal health resources and protect the herds and flocks that bring so much value to our producers and national security. 

    I look forward to hearing from our witnesses about the work they do, day in and day out, in their roles with the National Animal Health Laboratory Network. I am excited to hear about how the increased funding will help their operation of these laboratories, which foreign animal diseases they see as the most consequential, and how we as Congress can be good partners to them. Again, thank you all for being here.” 

    [On NBAF and NAHLN combatting foreign animal disease]: “The National Bio and Agro-Defense Facility in Manhattan, Kansas, is a state-of-the-art facility that will help protect the nation’s agriculture, farmers, and consumers against the threat and potential impacts of serious foreign animal diseases. NBAF has biosafety level 2, 3, and 4 laboratories, allowing them to study and diagnose the most consequential animal pathogens. NBAF plays a critical role in our animal disease preparedness and management and is an important partner to the NAHLN system. Dr. Retallick, how does the Kansas State Veterinary Diagnostic Laboratory collaborate with NBAF, and how will each of your operations supplement one another?” 

    Retallick: “We are excited to have NBAF as our neighbor in Manhattan, KS. NBAF has multiple missions, one of those is research and one of those is service, which is the NAHLN lab that was discussed. And so the NAHLN being a network, our interaction with them through the NAHLN and confirmatory testing is going to be the same as all the NAHLN laboratories for that. The other thing you might see us assist in NBAF is training the future technicians for them. Often entry level will come in, we will train, and they may go to work in NBAF. Ultimately, the collaboration will be very similar among all of the state laboratories, with NBAF being our parent lab and our confirmatory testing place.”

    [On New World Screwworm]: “The detection of New World Screwworm in Mexico is a huge threat to our domestic cattle producers. USDA estimates that a contemporary outbreak in Texas alone could cost producers $732 million per year. If you expand those results to the states within the historic range of New World Screwworm pre-eradication, a contemporary outbreak would cost producers as much as $4.3 billion per year and cause a total economic loss of over $10 billion. These are not losses our producers, or our economy, can afford. Again for you Dr. Retallick, surveillance and testing capacity was critical to eradicating this pest back in the 1960s. How are the NAHLN laboratories involved in preventing the spread of screwworm, and what role would they play if the pest were to reach our shores?”

    Retallick: As I stated earlier the NAHLN labs, many of them are in universities and state departments of ag, which have specialists. Each specialist is highly trained to recognize diseases and new disease threats. At KVDL, like many of the other labs in the network, we have parasitologists and pathologists who have already gone through training to recognize this. So, we will recognize through there. The NAHLN is also discussing it in their weekly calls, updating us and providing training. And in addition, with the caseload that comes through these diagnostic laboratories in the states, we see all sorts of things and animals for disposal, allowing us a large caseload to surveil coming in through routine testing.”

    [On One Big Beautiful Bill Act]: “Two weeks ago the One Big Beautiful Bill was signed into law. We were able to secure historic investments to modernize the farm safety net, promote ag products overseas, increase research, and important to this hearing, shore up our animal health tools. Under the One Big Beautiful Bill Act, the NAHLN system will receive $10 million annually through fiscal year 2030 on top of existing discretionary funding. At a time when foreign animal diseases are threatening our producers on all fronts, how will this investment help your lab to prepare for and respond to an outbreak?”

    Main: “Thank you. It would be a tremendous help, I would say, from providing a base of capacity and capability which is principally driven by our people. And that additional funding will enable I think, across the laboratory to really help with, I would say, maintaining adequate preparedness, via the people in the laboratory.

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    MIL OSI USA News –

  • MIL-OSI Africa: Improving climate governance in West Africa: Three calls for inclusive climate action in Burkina Faso, Côte d’Ivoire, and Senegal

    Source: APO

    Climate change is a growing threat across Africa, with West Africa feeling its effects especially intensely. According to the ND-GAIN index, Burkina Faso (162nd out of 182), Senegal (144th), and Côte d’Ivoire (134th) rank among the most vulnerable countries. They face a dangerous mix of low capacity to adapt and high exposure to climate hazards.

    This vulnerability shows up in more extreme weather, worsening food insecurity, and growing precarity—particularly harming women and young people.

    To tackle this urgent challenge, the Union of Economic and Social Councils and Similar Institutions of Africa (UCESA), supported by the African Development Bank, has developed three national advocacy papers. These papers promote participatory climate governance that reflects citizens’ real needs. They also aim to strengthen the role of Economic and Social Councils in shaping national climate policies.

    “These advocacy plans put citizens back at the centre of climate action,” said Arona Soumare, Principal Climate Change and Green Growth Officer at the African Development Bank. “By giving them full backing, the African Development Bank is reiterating its commitment to inclusive, equitable climate governance rooted in local realities. These initiatives lay the foundations for sustainable and resilient development in Africa.”

    According to Abdelkader Amara, current head of UCESA and President of the Economic, Social and Environmental Council (CESE) of Morocco, “UCESA is aware of these challenges and consequently intends to promote and support actions taken by African Economic and Social Councils and similar institutions that help to integrate sustainability and resilience into the frameworks for defining, implementing, and evaluating relevant institutional and policy mechanisms.”

    Burkina Faso: 

    Building resilience in a Sahelian setting

    Located in the middle of the Sahel belt, Burkina Faso is one of the countries that is most vulnerable to climate change. This fragility is exacerbated by a limited ability to adapt, which is particularly pronounced among women and young people. The advocacy effort developed by the Economic and Social Council of Burkina Faso, aided by technical support from UCESA, reflects citizens’ perceptions of the real effects of climate change. It proposes responses rooted in local realities, with a view to steering public policies towards a more inclusive, participatory and community resilience-oriented approach.

    Côte d’Ivoire:

    Towards citizen-centred climate governance

    Côte d’Ivoire lies in a region highly vulnerable to climate shocks. This vulnerability is compounded by the limited involvement of women, especially in rural areas, and the still marginal role of civil society. The national advocacy paper, developed through extensive consultation, captures citizens’ expectations and offers clear recommendations for more equitable climate governance. It underscores the importance of fully including people’s voices in decision-making processes—an essential element for effective climate action.

    Senegal:

    Citizen participation and climate resilience

    Senegal, a country in the Sahel-Sudan region, is already bearing the brunt of climate change. The national advocacy campaign draws on a citizen perception survey to inform a participatory discussion on future policy directions. Led by Senegal’s Economic, Social and Environmental Council, in partnership with UCESA and the African Development Bank, the resulting document calls for a unified effort from civil society, researchers, NGOs, and policymakers to create climate strategies that are inclusive, locally grounded, and capable of sustainably strengthening national resilience.

    A regional dynamic

    These three advocacy papers are part of a regional dynamic propelled by UCESA, with the support of the African Development Bank. They demonstrate a shared commitment to rooting climate action in citizen participation, stakeholder synergy, and regional solidarity. Through this initiative, the Economic and Social Councils are re-asserting their role as a strategic interface between civil society and public authorities in responding to the continent’s climate challenges.

    Distributed by APO Group on behalf of African Development Bank Group (AfDB).

    Media files

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    MIL OSI Africa –

  • MIL-OSI Africa: From Mine Shafts to Classrooms: How a Cobalt Mining Town is Reclaiming Childhood and Rebuilding Hope

    Source: APO

    Thirteen-year-old Beni Cial Yumba Musoya used to spend her days scavenging for cobalt under the scorching sun in the artisanal mines of Kolwezi. Today, she dreams of donning a white coat and saving lives. “I want to be a doctor,” she says, smiling shyly from her wooden desk at Kasanda Primary School in Kasulo, a neighbourhood nestled in Congo’s mining heartland of south-eastern Democratic Republic of Congo. “I will build schools and health centres to help people, just as I was helped before,” she continues.

    Beni is one of thousands of Congolese children whose lives have been transformed by the Support Project for Alternative Welfare of Children and Young People Involved in the Cobalt Supply Chain (PABEA-COBALT) (https://apo-opa.co/4l0Hwfv), a bold $82 million initiative funded by the African Development Bank.

    The project aims to eliminate child labour in the cobalt sector – an industry vital to the global tech economy, yet plagued by poverty, informally and exploitation.

    The atmosphere here has changed dramatically. Just a few years ago, the soundscape of Kasulo was dominated by the roar of rudimentary mining machinery and the shuffle of children burdened by sacks of ore. Today, those echoes have been replaced by the buzz of classrooms, the chatter of pupils at recess, and the laughter of children rediscovering play and learning.

    In early 2022, PABEA-COBALT identified more than 16,800 Congolese children working in artisanal cobalt mines in the provinces of Haut-Katanga and Lualaba. Since then, 13,587 of them – including Beni – have been enrolled in schools. Many attend newly constructed or rehabilitated facilities like Kasanda Primary School, where education, healthcare, psychological support and civil registry services are provided at no cost.

    “Before, I used to collect minerals in artisanal mines. That was all I knew,” recalls Beni, her expression briefly clouded by painful memories.

    A few steps away, Marie Samba tends to her hens and quails, her hand dusted with feed rather than cobalt residue. A former mine worker, Marie once spent her days sorting and washing cobalt to survive. Today, she’s a trained poultry farmer. “I used to collect and wash minerals to sell them,” she sighs.

    Marie is one of over 10,500 parents and guardians supported by the project – well above the initial target of 6,250. They have received training in agriculture and livestock farming, as well as materials to start-up kits to launch small businesses. Additionally, 8,200 young people formerly working in the mines are being supported to integrate into school, vocational training, or income-generating activities.

    “We have been educated and trained in livestock farming and agriculture. We have also been given supplies to start our activities. I didn’t think I could change my life like this,” says Marie Samba, who is delighted with the excellent results she is achieving with her poultry farm

    PABEA-COBALT has also helped establish two entrepreneurship centres in Haut-Katanga and Lualaba, equipped with modern equipment for agriculture, livestock farming and food processing. These centres serve as anchors for change, empowering young people and parents to build livelihoods away from the mines.

    “One of the project’s greatest successes is that it has anchored change from within the communities,” says project coordinator Alice Mirimo Kabetsi. “Solutions don’t just come from outside: they are now driven by parents, teachers and young people themselves. This model proves that by focusing on education and local entrepreneurship, we can break the cycle of child labour in the mines for good,” she said.

    Across the region, this shift is tangible. Nearly 1,000 agricultural cooperatives have been reorganized, strengthening local agricultural and livestock value chains and offering new economic opportunities. The transformation has drawn international attention. A recent report from the DRC’s National Human Rights Commission titled Child labour in artisanal cobalt mining sites (https://apo-opa.co/4lU5lGn), produced in collaboration with the UN Human Rights Council, commended the project’s “tangible results” and urged replication in other mining-affected region across the Great Lakes.

    Back in Kasulo, children like Beni are rediscovering their childhood dreams and the power of innocence. Mothers like Marie are holding their heads high, proud to be building a future free from the cobalt mines.

    For partners such as the African Development Bank, this project has not only changed lives. It has paved the way for a whole generation growing up far from the mines and building, day after day, a stronger, fairer and resolutely forward-looking society.

    Distributed by APO Group on behalf of African Development Bank Group (AfDB).

    About the African Development Bank Group: 
    The African Development Bank Group is Africa’s premier development finance institution. It comprises three distinct entities: the African Development Bank (AfDB), the African Development Fund (ADF) and the Nigeria Trust Fund (NTF). On the ground in 41 African countries with an external office in Japan, the Bank contributes to the economic development and the social progress of its 54 regional member states. For more information: www.AfDB.org

    Media files

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    MIL OSI Africa –

  • MIL-OSI Russia: Russia to Start Mass Implementation of Digital Ruble in 2026

    Translation. Region: Russian Federal

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

    An important disclaimer is at the bottom of this article.

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

    Moscow, July 16 /Xinhua/ — The mass introduction of the digital ruble will begin in Russia on September 1, 2026. This was reported on Tuesday by the press service of the Bank of Russia /Central Bank/.

    From now on, the largest Russian banks will have to provide customers with the opportunity to open digital wallets, as well as pay for goods and services, make transfers and carry out other transactions in digital rubles. Such transactions will become mandatory for trading companies with revenues of more than 120 million rubles, if they are serviced by the largest banks.

    From September 1, 2027, these rules will become mandatory for other banks with a universal license and their clients from among trading companies with annual revenue over 30 million rubles. Other banks and sellers with revenue from 5 million to 30 million rubles per year must implement operations with the digital ruble by September 1, 2028.

    The digital ruble is being created to become another means of payment and transfer that will not depend on bank restrictions in the form of commissions and limits. People will be able to open a digital wallet through the applications of banks connected to the digital ruble platform of the Bank of Russia. –0–

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

    .

    MIL OSI Russia News –

  • MIL-OSI Europe: ​EBA publishes Handbook on simulation exercises for resolution authorities

    Source: European Banking Authority

    ​The European Banking Authority (EBA) today published the latest chapter of its resolution Handbook on simulation exercises for resolution authorities. The Handbook provides, for the first time, a comprehensive framework of best practices, methodologies and processes to support resolution authorities in enhancing their preparedness and operational capabilities through structured simulation exercises. 

    ​Testing requirements are already imposed to institutions through the EBA Guidelines on resolvability testing, and simulations are becoming more prevalent in ensuring preparation among authorities, the EBA’s Handbook proposes a taxonomy for simulation exercises for resolution authorities to harmonise the use of main concepts within the financial stability framework. 

    ​In addition, the Handbook distinguishes between testing, simulations and dry runs and introduces six main types of simulation exercise: brainstorms, desktop exercises, walkthroughs, fire drills, decision-making exercises and operational simulations. This new chapter also presents the concept of end-to-end simulations, which combine multiple exercise types to replicate real-world resolution scenarios. 

    ​The Handbook describes in operational terms how to initiate, plan, prepare and deliver a simulation exercise. It provides practical guidance on defining objectives and scope, designing scenarios, allocating resources, managing delivery, and collecting feedback. The Handbook also includes templates and examples to support authorities in implementing effective and proportionate simulation exercises. 

    ​Legal basis and background 

    ​This initiative is part of the EBA’s broader mandate under Article 8(1)(ab) of Regulation (EU) No 1093/2010 to maintain an up-to-date Union resolution handbook. The Handbook draws on the experience of resolution authorities across the EU and aims to foster convergence, interoperability and cross-border cooperation. 

    ​Simulation exercises are a key tool for resolution authorities to test and refine their internal procedures, decision-making processes and coordination mechanisms as well as to train their staff. 

    ​The Handbook is available on the EBA’s website and is intended for use by all resolution authorities in the EU. It complements the EBA’s existing Guidalines on resolvability testing and supports the ongoing development of a robust and credible resolution framework. 

    MIL OSI Europe News –

  • MIL-OSI: Stifel Ranks No. 1 in J.D. Power Study for Third Straight Year

    Source: GlobeNewswire (MIL-OSI)

    ST. LOUIS, July 16, 2025 (GLOBE NEWSWIRE) — Stifel Financial Corp. (NYSE: SF) today announced that its Stifel, Nicolaus & Company, Incorporated broker-dealer subsidiary ranked No. 1 in employee advisor satisfaction among wealth management firms in the J.D. Power 2025 U.S. Financial Advisor Satisfaction StudySM.

    This marks the third straight year that Stifel has earned the top ranking, which is calculated based on responses submitted by Stifel advisors. Stifel’s overall score was 819 out of 1,000 – 214 points higher than the employee segment average and up 52 points from last year.

    In addition to finishing No. 1 overall, Stifel ranked first in five individual categories: compensation, leadership and culture, operational support, products and marketing, and technology.

    “I am thrilled that J.D. Power has named Stifel the No. 1 wealth management firm for employee advisor satisfaction for the third consecutive year,” said Ron Kruszewski, Chairman and CEO of Stifel. “This recognition means even more because it comes directly from our advisors. Ranking No. 1 in overall satisfaction – and in five of six categories – is a powerful testament to the culture we’ve built at Stifel. But we don’t view this as a victory lap – we view it as a challenge. A challenge to keep raising the bar, to keep listening, and to continuously improve.”

    “This is a tremendous honor for the firm, our advisors, and the colleagues who support them,” said Jim Zemlyak, President of Stifel and Head of Global Wealth Management. “Our unique culture is built around respect for our advisors, and we continually invest in their success by providing them the resources and support needed to deliver exceptional service to their clients.”

    Stifel is home to approximately 2,340 advisors with approximately $517 billion in client assets as of June 30, 2025.

    Stifel Company Information
    Stifel Financial Corp. (NYSE: SF) is a financial services holding company headquartered in St. Louis, Missouri, that conducts its banking, securities, and financial services business through several wholly owned subsidiaries. Stifel’s broker-dealer clients are served in the United States through Stifel, Nicolaus & Company, Incorporated, including its Eaton Partners business division; Keefe, Bruyette & Woods, Inc.; Miller Buckfire & Co., LLC; and Stifel Independent Advisors, LLC; and in the United Kingdom and Europe through Stifel Nicolaus Europe Limited. The Company’s broker-dealer affiliates provide securities brokerage, investment banking, trading, investment advisory, and related financial services to individual investors, professional money managers, businesses, and municipalities. Stifel Bank and Stifel Bank & Trust offer a full range of consumer and commercial lending solutions. Stifel Trust Company, N.A. and Stifel Trust Company Delaware, N.A. offer trust and related services. To learn more about Stifel, please visit the Company’s website at www.stifel.com. For global disclosures, please visit www.stifel.com/investor-relations/press-releases.

    For further information,
    contact Brian Spellecy
    (314) 342-2000        

    The MIL Network –

  • MIL-OSI: TAB Bank Welcomes Traci Crabtree as Vice President, Business Development

    Source: GlobeNewswire (MIL-OSI)

    OGDEN, Utah, July 16, 2025 (GLOBE NEWSWIRE) — TAB Bank announces the appointment of Traci Crabtree as Vice President, Business Development, expanding the bank’s presence in Southern California. Crabtree brings more than 20 years of experience in corporate finance and leadership in middle-market direct lending.

    Crabtree has been with TAB Bank since 2018 and was recently promoted from Director of Corporate Credit, Underwriting.

    Throughout her career, Crabtree has built deep expertise in asset-based, cash flow and real estate lending, with a specialized focus on the healthcare industry. She has led numerous system integration projects, developed robust financial modeling tools across a wide range of borrower industries and implemented real-time, paperless borrower reporting solutions to improve efficiency and transparency.

    “Traci’s wide-ranging experience and customer-first mindset make her a tremendous asset to TAB Bank,” said Curtis Sutherland, Senior Vice President and Head of Sales at TAB Bank. “Her background in complex credit structures, paired with her ability to balance risk management with relationship-building, will help us build value for our clients. Traci embodies our mission to unlock dreams with bold financial solutions that lift and empower, especially as we grow our presence in Southern California.”

    Crabtree’s career progression has given her a comprehensive understanding of all facets of transaction structuring and portfolio management. Before joining TAB Bank, Crabtree held senior roles at several regional and national financial institutions, including Vice President, Team Leader at Pacific Premier Bank; Vice President, Senior Portfolio Manager at Siemens Financial Services; and National Audit Director at DVI Business Credit.   She began her asset-based lending career working for several years at FINOVA Capital.

    About TAB Bank
    At TAB Bank, our mission is to unlock dreams with bold financial solutions that empower individuals and businesses nationwide. We are committed to building value in all we do through our innovative banking products.   Our dedication drives us to continuously improve, ensuring that we meet the evolving needs of our clients with excellence and agility. For over 25 years, we have remained steadfast in offering tailored, technology-enabled solutions designed to simplify and enhance the banking experience. 

    For more information about how we can help you achieve your financial dreams, visit www.TABBank.com.

    Contact Information:
    Trevor Morris
    Director of Marketing
    801-710-6318
    trevor.morris@tabbank.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/cca4804d-11ec-4bce-83e9-d1d928dfe61e

    The MIL Network –

  • MIL-OSI: Siili Solutions Plc: Share Repurchase 16.7.2025

    Source: GlobeNewswire (MIL-OSI)

    Siili Solutions Plc       Announcement  16.7.2025
         
         
    Siili Solutions Plc: Share Repurchase 16.7.2025  
         
    In the Helsinki Stock Exchange    
         
    Trade date           16.7.2025  
    Bourse trade         Buy  
    Share                  SIILI  
    Amount             900 Shares
    Average price/ share    6,6811 EUR
    Total cost            6 012,99 EUR
         
         
    Siili Solutions Plc now holds a total of 30 978 shares
    including the shares repurchased on 16.7.2025  
         
    The share buybacks are executed in compliance with Regulation 
    No. 596/2014 of the European Parliament and Council (MAR) Article 5
    and the Commission Delegated Regulation (EU) 2016/1052.
         
    On behalf of Siili Solutions Plc    
         
    Nordea Bank Oyj    
         
    Sami Huttunen Ilari Isomäki  
         
    Further information:    
    CFO Aleksi Kankainen    
    Email: aleksi.kankainen@siili.com    
    Tel. +358 50 584 2029    
         
    www.siili.com    
         
         
         
         
         

    Attachment

    The MIL Network –

  • MIL-OSI: Siili Solutions Plc: Share Repurchase 16.7.2025

    Source: GlobeNewswire (MIL-OSI)

    Siili Solutions Plc       Announcement  16.7.2025
         
         
    Siili Solutions Plc: Share Repurchase 16.7.2025  
         
    In the Helsinki Stock Exchange    
         
    Trade date           16.7.2025  
    Bourse trade         Buy  
    Share                  SIILI  
    Amount             900 Shares
    Average price/ share    6,6811 EUR
    Total cost            6 012,99 EUR
         
         
    Siili Solutions Plc now holds a total of 30 978 shares
    including the shares repurchased on 16.7.2025  
         
    The share buybacks are executed in compliance with Regulation 
    No. 596/2014 of the European Parliament and Council (MAR) Article 5
    and the Commission Delegated Regulation (EU) 2016/1052.
         
    On behalf of Siili Solutions Plc    
         
    Nordea Bank Oyj    
         
    Sami Huttunen Ilari Isomäki  
         
    Further information:    
    CFO Aleksi Kankainen    
    Email: aleksi.kankainen@siili.com    
    Tel. +358 50 584 2029    
         
    www.siili.com    
         
         
         
         
         

    Attachment

    The MIL Network –

  • MIL-OSI: Treasury Bond Auction Announcement – RIKB 27 0415 – RIKS 29 0917 – Switch Auction or Cash payment

    Source: GlobeNewswire (MIL-OSI)

    Series RIKB 27 0415 RIKS 29 0917
    ISIN IS0000036291 IS0000037711
    Maturity Date 04/15/2027 09/17/2029
    Auction Date 07/18/2025 07/18/2025
    Settlement Date 07/23/2025 07/23/2025
    10% addition 07/22/2025 07/22/2025
     
    Buyback issue RIKS 26 0216  
    Buyback price (clean) 98.1600  

    On the Auction Date, between 10:30 a.m. and 11:00 a.m., the Government Debt Management will auction Treasury bonds in the Series, with the ISIN numbers and with the Maturity Dates according to the table above. Article 6 of the General Terms of Auction for Treasury bonds applies for the right to purchase an additional 10%. The Treasury bonds will be delivered in electronic form on the Settlement Date.

    Payment for the bonds can be made in cash or with the Buyback issue at the Buyback price.

    Payment in cash for the Treasury bonds must be received by the Central Bank before 14:00 on the Settlement Date. If payment is made with the Buyback issue, a notification of the amount must be received no later than by 14:00 on the Auction Date. In that case, the value of the Buyback bond is determined by the Buyback price plus accrued interest and indexation (i.e. dirty price).

    No fee is paid in relation to the purchase of RIKS 26 0216.

    Further reference is made to the description of the Treasury bond and the General Terms of Auction of Treasury Bonds.

    For additional information please contact Tryggvi Freyr Harðarson, Government Debt Management, at +354 569 9630.

    The MIL Network –

  • MIL-OSI: PaladinMining Launches Robinhood Wallet Integration, Unlocking Daily Returns Up to $7,777

    Source: GlobeNewswire (MIL-OSI)

    LONDON, UK,, July 16, 2025 (GLOBE NEWSWIRE) — PaladinMining, a global leader in cloud mining solutions, has announced a major update to its platform, now supporting seamless Robinhood Wallet payments. In line with this milestone, investors can now earn up to $7,777 per day in returns with PaladinMining’s advanced cloud mining contracts—combining cutting-edge technology, high-yield mining packages, and a secure, user-friendly experience.

    According to recent assessments from Robinhood analysts, PaladinMining’s high-efficiency computing power packages can generate daily returns of up to $7,777—a game-changing opportunity for both new and experienced investors. These figures are achievable under optimized market conditions and strategic power allocation, made possible by PaladinMining’s advanced energy optimization technology and low-rate data centers.

    “PaladinMining’s cloud computing lease model opens the door for everyday investors to access elite-level mining profits—without needing to invest in or manage physical hardware,” said a spokesperson from Robinhood.

    Why PaladinMining?

    Founded in 2016 and legally registered in the UK, PaladinMining has been at the forefront of the cloud mining revolution. The company focuses on high-performance infrastructure, energy efficiency, and transparency—allowing users to start mining in minutes using only a phone or computer.

    Key benefits include:

    • $15 New User Bonus: Get started with free credit.
    • Flexible Contracts: From short-term trials to high-profit investments.
    • Multi-Currency Support: Mine with BTC, DOGE, XRP, and 8+ others.
    • Automated Profit Tracking: Real-time updates and detailed reports.
    • Bank-Level Security: Asset protection with advanced risk management.
    • No Maintenance Required: The system runs fully on autopilot.
    • 24/7 Customer Support: Expert help, always available.

    PaladinMining Custom Cloud Mining Contract:
    ⦁【New User Experience Contract】: Investment Amount: $100, Total Net Profit: $100 + $7.
    ⦁【ETC Miner E9 Pro】: Investment amount: $1500, total net profit: $1500 + $180.
    ⦁【Bitcoin Miner S21 Pro】: Investment amount: $4300, total net profit: $4300 + $1100.8.
    ⦁【Bitcoin Miner S21 XP】: Investment amount: $7900, total net profit: $7900 + $3128.4.
    ⦁【Bitcoin Miner S21 XP】: Investment amount: 12,000 USD, total net profit: 12,000 USD + 7,560 USD.
    ⦁【Avalon Air Box-40ft】: Investment amount: 28,000 USD, total net profit: 28,000 USD + 22,400 USD.

    Transforming Cloud Mining for the Digital Age

    As the data landscape grows more complex, PaladinMining aims to simplify and optimize cloud-based computation. From mining cryptocurrency to processing large-scale data in real-time, the platform empowers users to extract value with precision and security.

    Whether you’re a novice curious about crypto or an expert seeking reliable high returns, PaladinMining delivers a transparent, sustainable, and profitable experience.

    Get Started Today

    Download the PaladinMining app via the official website or access it through your Robinhood Wallet.

    In short
    For investors looking to explore free cryptocurrency mining, PaladinMining is the top choice due to its cutting-edge technology, eco-friendly approach, and generous free tickets.
    Whether you are a novice or an experienced user, PaladinMining welcomes everyone from around the world to participate.
    Just click the corresponding system APP button on PaladinMining to download the PaladinMining application.

    For more information, please visit the official website: https://paladinmining.com/

    or contact the official email address of the platform: info@paladinmining.com

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    The MIL Network –

  • MIL-OSI: PaladinMining Launches Robinhood Wallet Integration, Unlocking Daily Returns Up to $7,777

    Source: GlobeNewswire (MIL-OSI)

    LONDON, UK,, July 16, 2025 (GLOBE NEWSWIRE) — PaladinMining, a global leader in cloud mining solutions, has announced a major update to its platform, now supporting seamless Robinhood Wallet payments. In line with this milestone, investors can now earn up to $7,777 per day in returns with PaladinMining’s advanced cloud mining contracts—combining cutting-edge technology, high-yield mining packages, and a secure, user-friendly experience.

    According to recent assessments from Robinhood analysts, PaladinMining’s high-efficiency computing power packages can generate daily returns of up to $7,777—a game-changing opportunity for both new and experienced investors. These figures are achievable under optimized market conditions and strategic power allocation, made possible by PaladinMining’s advanced energy optimization technology and low-rate data centers.

    “PaladinMining’s cloud computing lease model opens the door for everyday investors to access elite-level mining profits—without needing to invest in or manage physical hardware,” said a spokesperson from Robinhood.

    Why PaladinMining?

    Founded in 2016 and legally registered in the UK, PaladinMining has been at the forefront of the cloud mining revolution. The company focuses on high-performance infrastructure, energy efficiency, and transparency—allowing users to start mining in minutes using only a phone or computer.

    Key benefits include:

    • $15 New User Bonus: Get started with free credit.
    • Flexible Contracts: From short-term trials to high-profit investments.
    • Multi-Currency Support: Mine with BTC, DOGE, XRP, and 8+ others.
    • Automated Profit Tracking: Real-time updates and detailed reports.
    • Bank-Level Security: Asset protection with advanced risk management.
    • No Maintenance Required: The system runs fully on autopilot.
    • 24/7 Customer Support: Expert help, always available.

    PaladinMining Custom Cloud Mining Contract:
    ⦁【New User Experience Contract】: Investment Amount: $100, Total Net Profit: $100 + $7.
    ⦁【ETC Miner E9 Pro】: Investment amount: $1500, total net profit: $1500 + $180.
    ⦁【Bitcoin Miner S21 Pro】: Investment amount: $4300, total net profit: $4300 + $1100.8.
    ⦁【Bitcoin Miner S21 XP】: Investment amount: $7900, total net profit: $7900 + $3128.4.
    ⦁【Bitcoin Miner S21 XP】: Investment amount: 12,000 USD, total net profit: 12,000 USD + 7,560 USD.
    ⦁【Avalon Air Box-40ft】: Investment amount: 28,000 USD, total net profit: 28,000 USD + 22,400 USD.

    Transforming Cloud Mining for the Digital Age

    As the data landscape grows more complex, PaladinMining aims to simplify and optimize cloud-based computation. From mining cryptocurrency to processing large-scale data in real-time, the platform empowers users to extract value with precision and security.

    Whether you’re a novice curious about crypto or an expert seeking reliable high returns, PaladinMining delivers a transparent, sustainable, and profitable experience.

    Get Started Today

    Download the PaladinMining app via the official website or access it through your Robinhood Wallet.

    In short
    For investors looking to explore free cryptocurrency mining, PaladinMining is the top choice due to its cutting-edge technology, eco-friendly approach, and generous free tickets.
    Whether you are a novice or an experienced user, PaladinMining welcomes everyone from around the world to participate.
    Just click the corresponding system APP button on PaladinMining to download the PaladinMining application.

    For more information, please visit the official website: https://paladinmining.com/

    or contact the official email address of the platform: info@paladinmining.com

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    The MIL Network –

  • MIL-OSI: Fidelity D & D Bancorp, Inc. Third Quarter 2025 Dividend

    Source: GlobeNewswire (MIL-OSI)

    DUNMORE, Pa., July 16, 2025 (GLOBE NEWSWIRE) — The Board of Directors of Fidelity D & D Bancorp, Inc. (NASDAQ: FDBC), parent company of The Fidelity Deposit and Discount Bank, announce their declaration of the Company’s third quarter dividend of $0.40 per share. The dividend is payable September 10, 2025, to shareholders of record at the close of business on August 15, 2025.

    Fidelity D & D Bancorp, Inc., serves Lackawanna, Luzerne, Northampton and Lehigh Counties through The Fidelity Deposit and Discount Bank’s 21 full-service community banking offices, along with the Fidelity Bank Wealth Management Minersville Office in Schuylkill County. Fidelity Bank provides a digital and virtual experience via digital services and digital account opening through Online Banking and the Fidelity Mobile Banking app.

    For more information visit our investor relations web site through www.bankatfidelity.com.

    This press release may contain forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Actual results and trends could differ materially from those set forth in such statements due to various factors. These factors include the possibility that increased demand or prices for the company’s financial services and products may not occur, changing economic, interest rate and competitive conditions, technological developments and other risks and uncertainties, including those detailed in the company’s filings with the Securities and Exchange Commission.
    Contacts:  
    Daniel J. Santaniello  Salvatore R. DeFrancesco, Jr.
    President and Chief Executive Officer Treasurer and Chief Financial Officer
    570-504-8035 570-504-8000

    The MIL Network –