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Category: Economy

  • MIL-OSI: Articles of Association for Ringkjøbing Landbobank A/S

    Source: GlobeNewswire (MIL-OSI)

    Articles of Association

    for Ringkjøbing Landbobank A/S

    Company reg. (CVR) no. 37536814

    5 March 2025

    Name, registered office and object

    Art. 1

    The bank’s name shall be ”Ringkjøbing Landbobank, Aktieselskab”. The bank’s domicile shall be the municipality of Ringkøbing-Skjern.

    The bank’s object shall be to carry out banking business and other activities permitted by the relevant legislation in order to create a sound and healthy bank for its sphere of activities via solid and cost-efficient operations.

    The bank shall also operate under the secondary names of:

    • Nordjyske Bank A/S
    • A/S Egnsbank Nord
    • Folkebanken for Frederikshavn og Omegn Aktieselskab
    • Aktieselskabet Frederikshavns Bank
    • Aktieselskabet Skagens Bank
    • Aktieselskabet Sæby Bank
    • Vendsyssel Bank A/S
    • A/S Handels- og Landbrugsbanken i Hjørring
    • Lokalbanken i Hjørring A/S
    • Lokalbanken i Vendsyssel A/S
    • Øster Brønderslev Sparekasse A/S
    • Hallund Sparekasse A/S
    • Brønderslev Sparekasse A/S
    • A/S Nørresundby Bank
    • A/S Banken for Nørresundby og Omegn
    • Aktieselskabet Tarm Bank
    • Egnsbank Vest A/S

    The bank’s capital and shares

    Art. 2

    The bank’s share capital shall be nom. DKK 25,391,697 in shares of nom. DKK 1.

    Art. 2a

    The general meeting has decided to authorise the board of directors to increase the share capital in one or more rounds by up to nom. DKK 5,078,339 with right of pre-emption for the bank’s existing shareholders. The capital increase shall be fully paid up in cash. The capital increase may be below the market price. This authorisation shall apply until 4 March 2030.

    Art. 2b

    The general meeting has decided to authorise the board of directors to increase the share capital in one or more rounds by up to nom. DKK 2,539,169 without right of pre-emption for the bank’s existing shareholders. The capital increase may be by cash payment or contribution of an existing company or specific asset values corresponding to the value of the shares issued. The capital increase shall be fully paid up at the market price ascertained by the board of directors. This authorisation shall apply until 4 March 2030.

    Art. 2c

    If the share capital is increased in accordance with Articles 2a and 2b, the board of directors shall determine the terms and conditions for subscription, including the time, matters relating to subscription, subscription price and the time from when the new shares carry a right to dividend. The board of directors may use the authorisations under Articles 2a and 2b to increase the share capital by a maximum of nom. DKK 5,078,339 in total.

    Art. 2d

    Shares for which subscription is made under the Articles 2a and 2b shall be negotiable securities and shall be registered in the holder’s name. The board of directors shall determine the extent to which the shares for which subscription is made under the specified articles carry the right to dividend from the year of subscription, and the shares shall also be subject to the same rules applying to the other shares with respect to rights, redeemability and negotiability. Finally, there shall be no limitations under the Article 2a and under the Article 2b to the subscribed shares’ right of pre-emption under Article 2a on future increases.

    Art. 2e

    The general meeting authorises the board of directors to make the requisite amendments to the Articles of Association required by the capital increases under the Articles 2a and 2b.

    Art. 3

    The shares shall be issued by name.
    The shares shall be negotiable instruments.
    No shareholder shall be obliged to permit redemption of his or her shares in whole or in part.
    There shall be no limitations to the negotiability of the shares.
    No shareholder shall have special rights.

    The bank’s share register is VP Securities A/S, CVR no. 21599336.

    Art. 4

    Lost shares, interim certificates, certificates of right of pre-emption, partial certificates, coupons and counterfoils may be cancelled by the bank without a court order under the current rules applying to shares which are negotiable instruments. The costs of cancellation shall be payable by the person who makes the request.

    The bank’s management

    The bank’s affairs shall be managed by:

    1. The general meeting

    2. The shareholders’ committee

    3. The board of directors

    4. General management

    The general meeting

    Art. 5

    The ordinary general meeting shall be held in Ringkøbing each year before the end of March.

    The board of directors may decide to hold all or part of a general meeting electronically, if the board of directors considers this to be appropriate and provided that proper conduct of the meeting is thereby assured and that other legal requirements for a partly or fully electronic general meeting are fulfilled. At electronic general meetings the shareholders may attend, speak and vote by electronic means. Details regarding registration and procedures for electronic attendance will be made available on the bank’s website and in the notice of the relevant general meeting.

    Extraordinary general meetings shall be held as decided by the general meeting, the shareholders’ committee, the board of directors, auditor, or at the request of shareholders who own one-twentieth (1/20) of the share capital.

    Art. 6

    Notice of the general meeting shall be given by the board of directors by announcement on the bank’s website. Notice in writing shall also be given to all shareholders listed in the share register who have so requested.

    The notice of meeting, which shall include the agenda for the general meeting, shall be given at the earliest five (5) weeks and at the latest three (3) weeks before the meeting.

    Proposals from shareholders for consideration at an annual general meeting shall be received by the chair of the shareholders’ committee at the latest six (6) weeks before the date of the general meeting.

    The agenda and all proposals for consideration by the general meeting shall be made available to the shareholders on the bank’s website at the latest three (3) weeks before the meeting. In the case of the annual general meeting, the annual report including auditor’s report and management’s report and any consolidated accounts shall also be made available to the shareholders on the bank’s website. The annual report shall be sent to each listed shareholder who has so requested.

    The press shall be entitled to attend the general meeting.

    Art. 6a

    The bank’s board of directors may decide that under Article 6 of the Articles of Association, annual reports may be sent electronically by e-mail to shareholders who are listed by name. The board of directors may further decide that admission cards may be ordered and proxies may be submitted via e-mail or on the bank’s website or that of the bank’s share register operator. The decision of the board of directors on the use of electronic communication under this Article 6a shall be announced on the bank’s website: www.landbobanken.dk. The bank shall request the e-mail addresses of those shareholders who are listed by name and to whom notices in electronic form can be sent. The shareholder shall be responsible for ensuring that the bank is in possession of the correct e-mail-address. Further information of a technical nature and on the procedure in connection with the electronic communication in question will be available to shareholders on the bank’s website if the board of directors should decide to implement this.

    Art. 7

    The agenda for the ordinary general meeting shall include:

    1.        Election of chairperson.

    2.        The board’s report on the bank’s activities in the previous year.

    3.        Presentation of the annual report for approval.

    4.        Decision on allocation of profit or covering of loss under the approved annual report.

    5.        Consultative vote on the remuneration report.

    6.        Approval of the remuneration of the board of directors for the current financial year.

    7.        Election of members to the shareholders’ committee.

    8.        Election of one or more auditors.

    9.         Authorisation for the board of directors to permit the bank to acquire its own shares.

    10.        Any proposals from the board of directors, the shareholders’ committee or shareholders.

    Art. 8

    The general meeting shall elect a chairperson by simple majority vote. The chairperson shall conduct the business of the meeting and rule on all questions of procedure, voting and the results of voting. Voting shall be in writing unless the meeting adopts a different procedure.

    Art. 9a

    Each shareholder eligible and intending to be present at a general meeting in accordance with Article 9b shall notify the bank accordingly no later than three (3) days before the meeting.

    Each share of nom. DKK 1 shall carry one (1) vote when the share is recorded in the bank’s share register, or when the shareholder has reported and documented his or her right. However, a shareholder may cast no more than 3,000 votes.

    Art. 9b

    A shareholder’s right to attend and vote at a general meeting shall be determined in accordance with the shares possessed by the shareholder on the date of registration. The registration date shall be one (1) week before the general meeting. The shares held by the individual shareholder on the registration date shall be counted on the basis of the listing of the shareholder’s capital in the share register and information on the ownership which the bank and/or the share register operator has received in connection with the recording in the share register, but which has not yet been entered in the share register.

    Art. 10

    All matters shall be decided at the general meeting by simple majority vote unless otherwise provided by law or these Articles of Association.

    A decision to amend the Articles of Association or to dissolve the bank shall only be valid if approved by at least two-thirds (2/3) of both votes cast and the share capital represented at the meeting.

    Art. 11

    The board of directors is authorised to decide to distribute extraordinary dividends in one or more rounds.

    The shareholders’ committee

    Art. 12

    The bank’s shareholders’ committee shall be elected at the general meeting by and from among the shareholders. The size of the shareholders’ committee shall be determined jointly by the committee and the board of directors, however with a minimum of thirty-seven (37) and a maximum of forty-two (42) members.

    The members of the shareholders’ committee shall be elected for two (2)-year terms. Re-election shall be permitted.

    The shareholders’ committee shall elect its chairperson and deputy chairperson each year.

    Shareholders who have reached the age of sixty-seven (67) may not be elected, and members of the shareholders’ committee shall retire from their positions at the first ordinary general meeting following their sixty-seventh birthday.

    Art. 13

    The shareholders’ committee shall normally meet at least twice a year and otherwise as often as the chairperson considers necessary or half of the members or the board of directors so request. Meetings of the shareholders’ committee shall be convened by the chairperson on at least eight (8) days’ notice.

    A quorum shall not exist unless over half of the members are present. Decisions shall then be taken by simple majority vote.

    Meetings of the shareholders’ committee shall be presided by the chairperson or, in the chairperson’s absence, by the deputy chairperson. Members of the bank’s board of directors who are not also members of the shareholders’ committee shall be entitled to participate in meetings of the committee but shall not be entitled to vote.

    Art. 14

    A report on the bank’s activities in the preceding period shall be presented at meetings of the shareholders’ committee, and the latest quarterly report sheet shall be reviewed.

    The shareholders’ committee shall work to ensure the bank’s prosperity and shall assist the board of directors and the general management to the best of its ability by procuring any information which the board of directors and the general management may require. The shareholders’ committee shall fix the board’s payment and shall decide on the establishment of branches as recommended by the board of directors.

    The shareholders’ committee shall not check the accuracy of the annual report.

    The board of directors

    Art. 15

    The board of directors shall consist of at least six (6) and at most ten (10) members who shall be elected by the shareholders’ committee.

    The board of directors shall also include the members who may be prescribed by law.

    Board members shall be elected for two (2)-year terms. Re-election shall be permitted.

    The board of directors shall elect its chairperson and up to two deputy chairpersons each year.

    A board member’s membership of the board shall cease if he or she resigns or retires from the shareholders’ committee.

    Board members elected by the shareholders’ committee shall retire from the board at the first ordinary general meeting following the date on which the member reaches the age of sixty-seven (67).

    The bank has established a voluntary arrangement regarding employee representation on the board of directors. The voluntary arrangement shall remain in force unless it ceases under the rules of the executive order on employee representation in force at any time. This provision on employee representation in this Article shall automatically lapse if the voluntary arrangement regarding employee representation lapses.

    Art. 16

    The board of directors shall specify procedures containing rules for the carrying out of its activities. A quorum shall not exist unless more than half the board members are present.

    Minutes of the board’s proceedings shall be kept and signed by all members present.

    The board of directors shall specify the extent to which management may make loans without the board’s prior participation.

    The board of directors may grant collective power to bind the company.

    General management

    Art. 17

    The general management, which is appointed by the board of directors, shall consist of one or more general managers, one of whom shall be chief executive officer.

    The general management shall participate – but without the right to vote – in meetings of the board of directors and the shareholders’ committee.

    Power to bind the company

    Art. 18

    The bank shall be bound by the signatures of

    1.        Two (2) members of the board of directors in conjunction.

    2.        One (1) member of the board of directors in conjunction with one (1) general manager.

    3.        Two (2) general managers in conjunction.

    Auditing

    Art. 19

    The audit shall be carried out by one or more auditors elected by the general meeting, however, at least such number as is required under the Danish Financial Business Act, and the auditors shall comply with the requirements specified in the Act. The election applies for one (1) year at a time.

    The auditors’ remuneration shall be set by the board of directors.

    The annual report

    Art. 20

    The bank’s financial year shall be the calendar year.

    After any loss from previous years has been covered, the net profit shall be allocated as follows:

    The remaining sum plus amounts carried forward shall be used as decided by the general meeting. The meeting may not, however, decide upon a higher dividend than that proposed or approved by the board of directors.

    Ringkøbing, 5 March 2025

    Disclaimer:
    “This document is a translation of an original document in Danish. The original Danish text shall be the governing text for all purposes and in case of any discrepancy the Danish wording shall be applicable.”

    Attachment

    The MIL Network –

  • MIL-OSI Economics: South Africa card payments to exceed $158 billion in 2025 amid digital surge and inclusion push, forecasts GlobalData

    Source: GlobalData

    South Africa card payments to exceed $158 billion in 2025 amid digital surge and inclusion push, forecasts GlobalData

    Posted in Banking

    The South African card payments market is on a solid growth trajectory, projected to reach ZAR2.9 trillion ($158.8 billion) in 2025. This momentum is driven by a growing shift toward digital payments, bolstered by enhanced financial inclusion, expanding payment infrastructure, and rising consumer preference for speed, safety, and convenience in everyday transactions, says GlobalData, a leading data and analytics company.

    GlobalData’s Payment Cards Analytics reveals that card payment value in South Africa registered a growth of 10.3% in 2024 to reach ZAR2.7 trillion ($149.4 billion). This growth is primarily fuelled by the rise in the consumer spending and wider acceptance of card payments among merchants.

    Yasaswini Pujitha, Banking and Payments Analyst at GlobalData, comments: “The South African payment landscape is evolving rapidly, supported by growing banking population, rising contactless payment adoption and developing payment infrastructure. The average frequency of payments per card stands at 118.1 times in 2024, which is higher compared to its peers such as Nigeria (51), Egypt (24.2), Morocco (10.9), and Kenya (5.3).”

    Debit card payments held a significant share of the total card payments market in South Africa, accounting for 74% in total payment value in 2024. This is primarily driven by the expanding banking population and increasing use of debit cards for low-value, day-to-day payments. Meanwhile, digital banks and fintech companies such as Discovery Bank, TymeBank, and Bank Zero are offering innovative banking services, further increasing competition in the debit card space.

    Credit and charge cards, on the other hand, held the remaining 26% share of card payments by value in 2024. The adoption and usage of these cards is driven by the associated value-added benefits offered by banks, such as cashback, reward points, discounts, and installment payment facilities. This growth is also supported by the rising middle class and a young, working population.

    The rise of contactless payments is contributing to the overall card payments growth with banks and scheme providers increasingly promoting this technology. Both consumers and merchants are embracing the contactless technology in the country.

    According to GlobalData’s 2024 Financial Services Consumer Survey*, 68.4% of the respondents in South Africa indicated having access to a contactless card and used it for payments.

    Growing adoption of contactless card payments for transport services is also contributing to the expansion of card payment market. South African National Roads Agency Limited (SANRAL) is implementing the nationwide rollout of contactless payment systems at toll plazas.

    Effective from 1 December 2024, magstripe card payments were phased out at certain toll gates, with a complete transition to contactless payments expected by 31 May 2025. This initiative is backed up by the financial institutions, along with payment scheme providers such as Visa and Mastercard.

    Pujitha concludes: “South Africa’s payment card landscape is set for steady growth over the next five years, marked by increased adoption of payment cards amid a boarder digital transformation. The proliferation of digital banks, an increasing preference for contactless technology, and improving payment infrastructure are the key drivers for this growth. The market is expected to grow at a compound annual growth rate (CAGR) of 6.7% between 2025 and 2029 to reach ZAR3.8 trillion ($206.2 billion) in 2029.”

    *GlobalData’s 2024 Financial Services Consumer Survey was carried out in Q2 2024. Approximately 67,292 respondents aged 18+ were surveyed across 41 countries.

    MIL OSI Economics –

  • MIL-OSI: Descartes Sets Date to Announce First Quarter Fiscal 2026 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    WATERLOO, Ontario and ATLANTA, May 05, 2025 (GLOBE NEWSWIRE) — Descartes Systems Group (TSX: DSG) (Nasdaq: DSGX), the global leader in uniting logistics-intensive businesses in commerce, is scheduled to report its first quarter fiscal 2026 financial results after market close on Wednesday, June 4, 2025.

    Members of Descartes’ executive management team will host a conference call to discuss the company’s financial results at 5:30 p.m. ET on Wednesday, June 4. Designated numbers are +1 289 514 5100 for North America and +1 800 717 1738 for international, using conference ID 26605.

    The company will simultaneously conduct an audio webcast on the Descartes website at www.descartes.com/descartes/investor-relations. Phone conference dial-in or webcast log-in is required approximately 10 minutes beforehand.

    Replays of the conference call will be available until June 11, 2025, by dialing +1 289 819 1325 or Toll-Free for North America using +1 888 660 6264 with Playback Passcode: 26605#. An archived replay of the webcast will be available at www.descartes.com/descartes/investor-relations.

    About Descartes Systems Group

    Descartes is the global leader in providing on-demand, software-as-a-service solutions focused on improving the productivity, security, and sustainability of logistics-intensive businesses. Customers use our modular, software-as-a-service solutions to route, track and help improve the safety, performance and compliance of delivery resources; plan, allocate and execute shipments; rate, audit and pay transportation invoices; access global trade data; file customs and security documents for imports and exports; and complete numerous other logistics processes by participating in the world’s largest, collaborative multimodal logistics community. Our headquarters are in Waterloo, Ontario, Canada and we have offices and partners around the world. Learn more at www.descartes.com, and connect with us on LinkedIn and X (Twitter).

    Descartes Investor Contact
    Laurie McCauley
    (519) 746-2969
    investor@descartes.com

    The MIL Network –

  • MIL-OSI: Hyperscale Data Announces Preliminary $25 Million in Revenue for Q1 2025, Provides Full-Year Guidance of $115–$125 Million

    Source: GlobeNewswire (MIL-OSI)

    LAS VEGAS, May 05, 2025 (GLOBE NEWSWIRE) — Hyperscale Data, Inc. (NYSE American: GPUS), a diversified holding company (“Hyperscale Data” or the “Company”), today announced preliminary financial results for the first quarter of 2025, which ended March 31, 2025, with revenue surpassing $25 million. The Company also issued guidance for the full fiscal year 2025, projecting revenue between $115 million and $125 million. The Company notes year-over-year growth at its subsidiaries, Ault Global Real Estate Equities, Inc., Circle 8 Crane Services, LLC and TurnOnGreen, Inc.

    In the first quarter, Hyperscale Data recognized a significant one-time gain of approximately $9.7 million due to the deconsolidation of Avalanche International, Corp. Additionally, the Company is continuing to transition its Michigan data center into a cutting-edge artificial intelligence (“AI”) data center, positioning itself at the forefront of AI infrastructure and service growth.

    “2025 is off to a strong start with growth across several of our core businesses,” said William B. Horne, Chief Executive Officer of Hyperscale Data. “Our transition of the Michigan facility to an AI data center and partial divestment of non-core assets are key milestones as we position Hyperscale Data for long-term success.”

    The Company’s strategic transition and focus on high-growth sectors are designed to ensure that Hyperscale Data is prepared to capture emerging opportunities and deliver sustained value to its stockholders. The Company encourages stockholders to read the About Hyperscale Data, Inc. section for information regarding the upcoming divestiture of certain Company assets.

    For more information on Hyperscale Data and its subsidiaries, Hyperscale Data recommends that stockholders, investors and any other interested parties read Hyperscale Data’s public filings and press releases available under the Investor Relations section at hyperscaledata.com or available at www.sec.gov.

    About Hyperscale Data, Inc.

    Through its wholly owned subsidiary Sentinum, Inc., Hyperscale Data owns and operates a data center at which it mines digital assets and offers colocation and hosting services for the emerging AI ecosystems and other industries. Hyperscale Data’s other wholly owned subsidiary, Ault Capital Group, Inc. (“ACG”), is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact.

    Hyperscale Data expects to divest itself of ACG on or about December 31, 2025 (the “Divestiture”). Upon the occurrence of the Divestiture, the Company would solely be an owner and operator of data centers to support high-performance computing services, though it may at that time continue to mine Bitcoin. Until the Divestiture occurs, the Company will continue to provide, through ACG and its wholly and majority-owned subsidiaries and strategic investments, mission-critical products that support a diverse range of industries, including an AI software platform, social gaming platform, equipment rental services, defense/aerospace, industrial, automotive, medical/biopharma and hotel operations. In addition, ACG is actively engaged in private credit and structured finance through a licensed lending subsidiary. Hyperscale Data’s headquarters are located at 11411 Southern Highlands Parkway, Suite 190, Las Vegas, NV 89141.

    On December 23, 2024, the Company issued one million (1,000,000) shares of a newly designated Series F Exchangeable Preferred Stock (the “Series F Preferred Stock”) to all common stockholders and holders of the Series C Convertible Preferred Stock on an as-converted basis. The Divestiture will occur through the voluntary exchange of the Series F Preferred Stock for shares of Class A Common Stock and Class B Common Stock of ACG (collectively, the “ACG Shares”). The Company reminds its stockholders that only those holders of the Series F Preferred Stock who agree to surrender such shares, and do not properly withdraw such surrender, in the exchange offer through which the Divestiture will occur, will be entitled to receive the ACG Shares and consequently be stockholders of ACG upon the occurrence of the Divestiture.

    Forward-Looking Statements

    This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties.

    Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company’s Forms 10-K, 10-Q and 8-K. All filings are available at www.sec.gov and on the Company’s website at hyperscaledata.com.

    Hyperscale Data Investor Contact:
    IR@hyperscaledata.com or 1-888-753-2235

    The MIL Network –

  • MIL-OSI Russia: Projects of the Future: The Final of the PROproject Competition Was Held at the State University of Management

    Translation. Region: Russian Federal

    Source: State University of Management – Official website of the State –

    The final of the All-Russian competition of school projects “PROproject” was held at the State University of Management.

    In total, over 200 projects were submitted for participation, and 72 students from 37 general and vocational educational organizations, as well as institutions of additional education from 22 cities of the Russian Federation reached the final of the competition: Moscow, Obninsk, Ramenskoye, St. Petersburg, Orel, Lugansk, the village of Shira (Republic of Khakassia), Samara, Nizhny Novgorod, Ufa, Vsevolozhsk, Serpukhov, Perm, Borisoglebsk, Krasnoperekopsk, Novosibirsk, Yekaterinburg, Magnitogorsk, the urban-type settlement of Mostovskoy (Krasnodar Territory), Sergiev Posad, Nalchik, Rostov-on-Don.

    This year, the competition was held in areas that correspond to the national development goals of the Russian Federation, in accordance with the Decree of the President of the Russian Federation dated May 7, 2024 No. 309: long and active life; family; youth and children; personnel; infrastructure for life; efficient transport system; environmental well-being; efficient and competitive economy; international cooperation and export; data economy and digital transformation of the state.

    Due to the large number of participants from different cities, the final was held over several days from April 26 to 28, 2025 in person at the Boiling Point of the State University of Management and the Kuzminki School, as well as on April 29, 30 and May 3, 2025 in an online format.

    The experts and jury members noted the high level of development of the projects: detailed business models, a prototype of the proposed technological solution and the results of laboratory experiments were presented. The high level of presentations and speeches was also pleasing.

    In particular, the following projects were presented in the final:

    Patriotic education of preschoolers through participation in the events of the All-Russian public movement “VOLUNTEERS OF VICTORY”; Potential of Sosnowsky’s hogweed as a source of furanocoumarins; Interactive educational quest “Ecotoxicants”; Solar tracker; Organic glue for painting restoration; Use of hydroponic systems in everyday life; Rubber paint; Moscow cultural lottery; 3D models of photographs; National kaleidoscope; Anti-icing reagents and the environment; Design project “TAKE OFF” for the Center for Children’s Initiatives; Healthy nutrition at school; Ways to improve memory; and others.

    Let us recall that the PROproject competition has been held annually since 2018 by the Project Management Department at the State University of Management with the participation of partner organizations: MIR Moscow State Television and Radio Broadcasting Company, the SOVNET Project Management Association, and the Young Crew SOVNET Youth Project Management Association.

    Subscribe to the TG channel “Our GUU” Date of publication: 05.05.2025

    PROproject”.

    In total, over 200 projects were submitted for participation,…

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

    MIL OSI Russia News –

  • MIL-OSI: Best No Credit Check Loans Guaranteed Approvals Direct Lenders | Best Payday Loans for Bad Credit – IOnline Payday Loans

    Source: GlobeNewswire (MIL-OSI)

    SHERIDAN, Wyo., May 05, 2025 (GLOBE NEWSWIRE) — No credit check loans provide consumers with quick financial assistance when they need cash without collateral, even if they have a poor credit score. This article covers everything you need to know about no credit check loans, including how they work, the benefits of these loans, and why Online Payday Loans is the best source for them. Additionally, it outlines the application steps and repayment options available.

    >> Click Here to Apply for No Credit Check Loans >>

    ✅Key Takeaways:

    • No credit check loans are a type of loan that does not require a credit check before approval.
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    What are No Credit Check Payday Loans?

    No credit check payday loans are a type of financing specifically designed for individuals who may struggle to obtain financial assistance, particularly those with bad credit. These $255 payday loans online same day provide cash to borrowers without requiring collateral and eliminate the lengthy application process typically associated with personal loans.

    Instead of relying solely on credit scores, no credit check loans guaranteed approval take into account alternative factors, making them an attractive option for many people in need of emergency funds. In today’s economy, Best installment loans for bad credit have become increasingly popular as they enable borrowers to access larger loan amounts with predictable payments, allowing them to budget more effectively. Reputable lenders offer best installment loans for bad credit that contribute to credit improvement.

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    No credit check loans guaranteed approval direct lenders typically feature a straightforward application process that provides quick approvals, guaranteed approval, and guaranteed acceptance for eligible borrowers. Direct lenders assess eligibility based on income verification and overall financial health rather than solely focusing on credit history.

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    • The simplified application requires minimal paperwork, expediting the approval timeline.
    • Once the application is submitted, a direct lender reviews it, assessing eligibility based on factors such as income stability and repayment ability.

    Interest rates are often determined based on the borrower’s financial profile, ensuring that even individuals with bad credit receive a fair evaluation. Fast funding through direct deposit is available.

    Factors considered in the approval process for a best no credit check personal loans include income levels, employment status, and existing debt. Quick funding is often available after approval, making this option ideal for those in need of immediate financial assistance.

    What Are the Benefits of No Credit Check Loans Guaranteed Approval Direct Lenders?

    No credit check loans guaranteed approval direct lenders can be beneficial as they provide financial assistance during urgent situations, allowing individuals to access cash without the need for collateral or lengthy approval processes. These consumer loans offer easy repayment options and loan terms that facilitate personal financing.

    These loans often come with flexible repayment options and can aid some borrowers in rebuilding their credit over time, although they typically carry higher interest rates.

    Why Choose IOnline Payday Loans for No Credit Check Loans?

    IOnline Payday Loans is an excellent choice for no credit check loans guaranteed approval direct lender, as it significantly enhances your chances of securing a loan when you need it most. This is especially true for those seeking short-term loans with higher interest rates.

    This reputable platform enables borrowers to easily and swiftly access online loans from multiple lenders, providing the necessary funds without the challenges typically associated with traditional banks.

    IOnline Payday Loans prioritizes customer satisfaction, ensuring that the entire process—from application to funding—is straightforward and hassle-free. This approach allows individuals with poor credit to obtain the financial assistance they require.

    Additionally, the platform emphasizes openness and transparency, guaranteeing that there are no hidden fees or cumbersome paperwork.

    What Sets IOnline Payday Loans Apart from Other Lenders?

    IOnline Payday Loans offers innovative financial solutions and a unique approach to individuals seeking best payday loans for bad credit. As one of the lenders in this space, IOnline often provides an application process that requires minimal paperwork, facilitating fast approvals and quick access to funds. This is particularly important for those who need emergency funding rapidly. Clients can conveniently apply for loans through IOnline’s website or mobile application, making it easier to obtain funds in a timely manner.

    IOnline leverages the latest technology to enhance wait times, utilizing algorithms that enable faster assessment of applications, which means borrowers experience shorter waiting periods for responses. Additionally, IOnline’s customer service representatives are knowledgeable and easily accessible, helping clients better understand their options.

    Some of the features that distinguish IOnline as a unique lender include:

    • Competitive interest rates clearly communicated upfront
    • Flexible repayment options tailored to individual financial situations, allowing borrowers to repay in installments
    • Accessibility through mobile platforms for on-the-go applications, ensuring same-day funding

    What Are the Terms and Conditions for No Credit Check Loans at IOnline Payday Loans?

    The terms and conditions for no credit check personal loans guaranteed approval at IOnline Payday Loans are designed to provide flexibility and transparency for borrowers. These loans feature clear terms that outline repayment schedules, interest rates, and any applicable fees, ensuring that borrowers fully understand their obligations from the beginning. IOnline Payday Loans is dedicated to offering straightforward information about the borrowing process, enabling individuals to make informed decisions regarding their financial needs.

    When considering financial assistance through consumer loans, borrowers can expect a variety of terms tailored to different financial situations. Loan networks facilitate applications and help avoid hidden fees.

    For example, interest rates may vary based on the total amount borrowed, typically ranging from 5% to 35%, depending on market conditions and the borrower’s credit profile.

    Repayment schedules are structured to be manageable, often allowing for monthly payments over a specified term that usually spans from three to 24 months. A notable feature of these loans is the guaranteed approval, making them accessible to individuals with less-than-perfect credit.

    Borrowers are encouraged to maintain open communication with lenders to clarify any questions regarding their specific repayment conditions. Las Vegas lenders are among those offering transparent loan terms.

    Additional requirements may include proof of income or residency, which ensures that borrowers demonstrate their ability to repay the loan. This approach fosters accountability and instills greater confidence in individuals seeking loans to meet their immediate financial needs.

    What Are the Requirements for No Credit Check Loans at IOnline Payday Loans?

    The requirements for no credit check loans at IOnline Payday Loans align with the company’s other loan offerings and are designed to encourage responsible lending practices. Loan applications require income verification and evaluation of credit profiles.

    Generally, borrowers must be at least 18 years old and provide valid identification along with proof of income to demonstrate their ability to repay the loan. These criteria are established to create eligibility requirements for loans while still enabling individuals with varying credit backgrounds to access the funds they may need.

    Do I Need a Good Credit Score to Get a Loan from IOnline Payday Loans?

    One of the primary benefits of obtaining a loan through IOnline Payday Loans is that a good credit score is not a requirement for qualification. Since credit scores are not the main consideration, IOnline Payday Loans provide individuals with poor credit a better opportunity to secure a loan when they need it most.

    Consequently, more borrowers can access the emergency funds they require without undergoing rigorous credit checks. The flexibility of IOnline Payday Loans is particularly valuable in times of financial emergencies, as the repercussions of not having cash can be severe for those with poor credit, exacerbating their existing financial difficulties.

    IOnline Payday Loans offers a solution that allows borrowers to have a more sustainable lending experience by considering their overall circumstances. This means that even individuals in dire financial situations can find a loan solution that addresses their needs, enabling them to begin the process of recovery.

    How to Apply for a No Credit Check Loan at IOnline Payday Loans? Understanding the Qualifications

    Applying for a no credit check loan at IOnline Payday Loans is a straightforward and expedited process, as the company is committed to providing borrowers with quick funding when needed.

    The entire application process is conducted online, allowing applicants to complete the necessary forms from the comfort of their own homes without any paperwork. This user-friendly approach to online loans, enables borrowers to easily navigate the process and receive an instant decision regarding their installment bad credit loans eligibility.

    Step 1: Fill Out an Online Application

    The first step in obtaining a no credit check loan from IOnline Payday Loans is to complete an online application form with accurate and complete information. Providing accurate details is crucial, as it gives the lender essential insights into the borrower’s financial position, enabling them to assess eligibility for funding without reviewing high interest rates credit histories. Therefore, applicants must ensure that they submit correct information regarding their income, employment status, and identification details. Any inaccuracies can lead to delays or even disqualification from the process, particularly if the financial information is misleading.

    Here are some important considerations for the application:

    • Income Verification: You will need to confirm your earnings, which may include submitting pay stubs or bank statements.
    • Employment Status: Providing current employment details will strengthen your application.
    • Bad Credit Considerations: It is essential to be transparent about any previous financial difficulties.

    Honesty regarding financial information is one of the most important aspects of the application process. Misrepresentations can jeopardize loan opportunities and damage the trust between the borrower and the lender. Therefore, borrowers are encouraged to double-check the information they provide before submitting the application. By doing so, they can help ensure that the lending process is as smooth and efficient as possible, allowing them to obtain the financial assistance they need without the complications of traditional credit checks.

    Step 2: Receive an Instant Decision

    After applying for a no credit check loan online, without no paperwork, applicants receive an immediate decision regarding their loan approval. This instant decision feature is a significant advantage of no credit check loans, as it allows borrowers to quickly determine their eligibility for the funds they need.

    The ability to obtain a fast loan decision helps individuals plan accordingly and address urgent financial situations without unnecessary delays. The instant decision process relies on evaluating specific criteria in the borrower’s application, including income stability, length of employment, and current debt levels.

    Furthermore, automated systems expedite these evaluations, enabling applicants to receive results in just a few minutes. This quick response allows those in need of cash to access their funds promptly. Understanding how this lending process works can help applicants prepare their documentation effectively and enhance their chances of receiving guaranteed approval, ensuring timely assistance during emergencies.

    Step 3: Review and Sign the Loan Agreement

    Once you receive approval for a no credit check loan, the next step is to review and sign the loan agreement, which outlines crucial information regarding repayment terms and conditions. The significance of the loan agreement cannot be overstated, as it ensures that borrowers fully understand their obligations, including interest rates and payment schedules, before receiving the funds. iOnline Payday Loans is a direct lender that prioritizes transparency and clarity, ensuring there are no hidden fees or unexpected charges, which promotes a sustainable borrowing experience, ensuring budget effectively.

    The following key elements of a loan agreement can significantly impact your financial well-being:

    • Interest Rates: Make sure you understand how much you will owe over time to ensure it fits within your budget.
    • Fees: Be aware of any origination fees or penalties for early repayment.
    • Payment Schedule: Knowing when payments are due can help you avoid late fees and potential default.

    Being informed about these terms give the power tos borrowers and encourages sound budgeting and responsible financial planning. Understanding the details of your loan agreement can help you navigate your financial solutions without the stress of unexpected obstacles.

    Step 4: Receive Funds in Your Bank Account

    Borrowers can expect their funds to be deposited directly into their bank accounts immediately after signing the loan agreement. This allows for quick access to cash through direct deposit without the need for collateral, which is especially beneficial for those facing unexpected expenses.

    Generally, borrowers can anticipate the funds to be transferred within 1 to 2 business days, depending on the lender and the institution’s processing times, making it a reliable source of emergency funding when needed.

    The convenience is further enhanced for users of Online Payday Loans online platform, as they can apply for funds from the comfort of their homes. Additionally, borrowers can often secure financing without extensive paperwork or complicated credit checks.

    This streamlined process enables almost instant access to consumer loans in Las Vegas, making it an ideal solution for individuals experiencing financial difficulties.

    What Are the Repayment Options for No Credit Check Loans at IOnline Payday Loans?

    IOnline Payday Loans offers a variety of repayment options for no credit check loans, enabling borrowers to select the terms that best fit their financial circumstances. The flexibility in repayment terms options allows individuals to manage their debts in a way that is comfortable for them, with predictable payments that aid in budgeting.

    IOnline also provides clear guidelines regarding repayment to promote responsible borrowing and ensure that customers can maintain their financial health.

    Are There Any Alternatives to No Credit Check Loans at IOnline Payday Loans?

    For individuals seeking alternatives to no credit check loans, IOnline Payday Loans offers the following options

    • Online Payday Loans: A secured loan requires collateral, such as a car or a home. Because this reduces the lender’s risk, secured loans often come with more favorable terms and lower interest rates.
    • Installment Loans: A co-signed loan enables the loan applicant to have a trusted individual, known as the co-signer, apply for the loan on their behalf. The co-signer’s creditworthiness is taken into account alongside the borrower’s when determining eligibility and loan terms.
    • Online Personal Loans: A credit builder loan allows the borrower to access the funds they need while simultaneously providing an opportunity to improve their credit profile.

    Online Payday Loans

    Online Payday Loans are a form of financing in which the borrower provides collateral, significantly reducing the risk for lenders and resulting in lower interest rates compared to unsecured loans. This type of financial product can be tailored to meet various needs and may be particularly suitable for those who have had difficulty obtaining credit in the past.

    Individuals typically pledge assets such as their home, motor vehicle, or savings accounts as collateral for secured loans. Common types of acceptable collateral include real estate properties, automobiles, and bank fixed deposits.

    The advantages of secured loans over unsecured loans are numerous. Firstly, secured loans usually come with lower interest rates because the presence of collateral offers a safety net for lenders. This can help borrowers manage their finances and payments more easily.

    Additionally, individuals with poor credit histories may find better acceptance through direct lenders, who can offer more favorable terms based on the collateral provided.

    Installment Loans

    Installment Loans involve a secondary borrower who agrees to take responsibility for the debt if the primary borrower defaults. This arrangement often provides individuals with bad credit a pathway to secure loans under better terms. By including a co-signer with strong creditworthiness, applicants can enhance their chances of approval and potentially receive lower interest rates, making this a viable option for those struggling to obtain financing independently.

    Essentially, co-signed loans act as a bridge for many seeking financial assistance during emergencies or looking to make significant purchases. The co-signer, typically a family member or friend, plays a crucial role not only by signing the loan documentation but also by establishing credibility for the borrower.

    This arrangement can be particularly beneficial for individuals with limited credit history or poor credit ratings, as it can open doors to consumer loans that might otherwise remain inaccessible. However, potential risks accompany this borrowing method, including strain on personal relationships and the financial liability that the co-signer assumes.

    Advantages:

    • Increased chance of loan approval.
    • Lower interest rates due to the co-signer’s stronger credit profile.
    • Opportunity for the primary borrower to build credit.

    Disadvantages:

    • Risk of damaging relationships if payments are missed.
    • Financial responsibility for the co-signer if the primary borrower defaults.
    • Potential negative impact on the co-signer’s credit score.

    Online Personal Loans

    Online Personal loans are specifically designed to help individuals enhance their credit profiles while accessing funds, making them an excellent alternative for those seeking to improve their credit history and loan eligibility. These loans typically involve small amounts, which are held in a savings account until the borrower has made all necessary payments. This arrangement allows borrowers to build a positive credit history through regular repayment.

    Understanding how these loans operate can significantly influence one’s financial future and loan decisions. When a borrower applies for a credit builder loan, the lender places the borrowed amount in a secured account that the borrower cannot access until the loan is fully repaid. This structure not only ensures the safety of the funds but also fosters a sense of financial discipline.

    Regular payments are reported to credit bureaus, which can positively influence the credit score over time. This option is particularly advantageous for individuals with poor credit or those just beginning their credit journey, as it can help them qualify for better financial products in the future.

    Therefore, credit builder loans offer a valuable pathway for financial give the power toment, transforming past credit challenges into sustainable borrowing experiences and future opportunities.

    Frequently Asked Questions

    What are the best no credit check loans guaranteed approvals direct lenders offered by IOnline Payday Loans in Las Vegas?

    IOnline Payday Loans offers a variety of loans with guaranteed approvals from direct lenders, including personal loans, payday loans, and installment loans.

    Can I get a no credit check loan from a direct lender through IOnline Payday Loans?

    Yes, IOnline Payday Loans works with a network of trusted direct lenders who offer no credit check loans to individuals with varying credit scores.

    What are the advantages of choosing a direct lender for my no credit check loan?

    Choosing a direct lender for your no credit check loan can often result in faster approvals, more personalized loan terms, and potentially lower interest rates.

    Do I need a good credit score to qualify for a no credit check loan from a direct lender through IOnline Payday Loans?

    No, IOnline Payday Loans works with direct lenders who specialize in providing loans to individuals with less-than-perfect credit, so your credit score may not be a determining factor in your loan approval.

    What is the application process like for a no credit check loan from a direct lender through IOnline Payday Loans?

    The application process for a no credit check loan through IOnline Payday Loans is simple and can be completed entirely online. You will need to provide basic personal and financial information, and may also be required to submit proof of income for direct deposit.

    How quickly can I receive the funds from my no credit check loan with a direct lender through IOnline Payday Loans,

    Depending on the lender and your bank’s processing times, you may be able to receive the funds from your no credit check loan as soon as the next business day after approval.

    Media Contact:
    Company Name: IOnline Payday Loans
    Registered Office Address: 1095 Sugar View Dr Ste 500 Sheridan, WY 82801
    Company Website: https://ionlinepaydayloans.com/
    Email: mria@ionlinepaydayloans.com
    Phone: 307-777-7311
    Contact person name: Mria

    Disclaimer: This announcement contains general information about Ionline payday loan services and should not be considered financial advice. Ionline Payday Loans does not guarantee loan approval, and loan terms may vary by applicant and lender requirements. Loans are available to U.S. residents only.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/0b02e2d3-6f2d-4234-98fe-1f7d694aa226

    The MIL Network –

  • MIL-OSI: NNIT A/S: NNIT adjusts 2025 outlook and publishes Q1 figures

    Source: GlobeNewswire (MIL-OSI)

    The first quarter financial performance was expected to be moderate, but the increased macroeconomic and geopolitical uncertainty has impacted NNIT to a larger extent than expected. Based on the realized results and the continued uncertainty, NNIT adjusts the 2025 financial outlook.

    Given the current uncertainty, organic revenue growth is expected to be 0% to 5% (previously 7% to 10%), which is due to postponement of projects and the sales pipeline materializing at a slower pace than planned as customers are hesitating to engage in new contracts, especially within Life Science. Expectations for the Group operating profit margin excluding special items are maintained at 7% to 9% as NNIT is significantly reducing its cost base by adjusting capacity and lowering general spending across regions and on corporate level. Special items are expected to be up to last year’s level of DKK 69m (previously expected to be below the 2024 level) mainly driven by further restructuring costs.

    NNIT generated Q1 2025 Group revenue of DKK 464m (Q1 2024: DKK 463m). The organic growth was negative by 0.8% (Q1 2024: 8.0%) due to Region Europe and Region US. Group operating profit excl. special items was DKK 18m (Q1 2024: 24m), equal to a margin of 3.9% (Q1 2024: 5.2%). Profit and margin were mainly impacted by Region Europe and a decrease in Region Denmark driven by overcapacity following the postponement of a large contract, which has been signed in Q2, and the loss of a large public tender. Special items for the Group amounted to DKK 25m (Q1 2024: income DKK 11.3m) primarily driven by restructuring costs.

    Financial figures, DKK million Q1 2025 Q1 2024 FY 2024
    GROUP      
    Revenue 464 463  1,851
    Group operating profit excl. special items 18 24 117
    Group operating profit margin excl. special items 3.9% 5.2% 6.3%
    Special items 25 -11 69
           
    REGION EUROPE      
    Revenue 119 126 512
    Regional operating profit 12 14 67
    Regional operating profit margin 10.0% 11.2% 13.0%
           
    REGION US      
    Revenue 87 93 346
    Regional operating profit 26 18 73
    Regional operating profit margin 30.4% 19.0% 21.2%
           
    REGION ASIA      
    Revenue 37 32 149
    Regional operating profit 3 -2 8
    Regional operating profit margin 7.6% -5.3% 5.2%
           
    REGION DENMARK      
    Revenue 221 212 844
    Regional operating profit 33 48 151
    Regional operating profit margin 15.1% 22.6% 17.9%

    Despite the adjustment of expectations for organic growth, NNIT maintains expectations for the Group operating profit margin excl. special items to reach 7% to 9%. NNIT has executed several cost reducing initiatives, which include capacity adjustments across the group, to minimize the impact on profitability.

    NNIT will publish the Q1 2025 trading statement on May 5, 2025, one day earlier than planned.

    For more information, please contact:

    Investor Relations
    Carsten Ringius            
    EVP & CFO
    Tel: +45 3077 8888
    carr@nnit.com

    Media Relations
    Thomas Stensbøl
    Press & Communications Manager
    Tel: +45 3077 8800
    tmts@nnit.com 

    ABOUT NNIT

    NNIT is a leading provider of IT solutions to life sciences internationally, and to the public and private sectors in Denmark.

    We focus on high complexity industries and thrive in environments where regulatory demands and complexity are high.

    We advise on and build sustainable digital solutions that work for the patients, citizens, employees, end users or customers.

    We strive to build unmatched excellence in the industries we serve, and we use our domain expertise to represent a business first approach – strongly supported by a selection of partner technologies, but always driven by business needs rather than technology.

    NNIT consists of group company NNIT A/S and the subsidiary SCALES. Together, these companies employ more than 1,700 people in Europe, Asia and USA.

    Attachment

    The MIL Network –

  • MIL-OSI: NNIT A/S: Business performance impacted by market undercetainty expected to continue. Mitigating actions taken to protect profitability

    Source: GlobeNewswire (MIL-OSI)

    Q1 2025 key highlights

    • Financial performance for the first quarter was expected to be moderate, but macroeconomic and geopolitical uncertainty increased, which impacted NNIT. The uncertainty has influenced customer behavior, especially in the three regions focusing on IT Life Science solutions, where several projects have been postponed, most predominantly in Region Europe. Group revenue amounted to DKK 464.1m, entailing flat revenue growth compared with last year.
    • Despite improving utilization and capacity adjustments made across regions during the quarter as well as tight cost focus across business areas, the group operating profit excl. special items declined to DKK 18.0m in Q1 2025 compared with DKK 23.9m in the same quarter last year. The decline was due to the lower profit generation in Region Europe and Region Denmark, partly offset by improved profitability performance in Region US and Region Asia. Group operating profit margin excl. special items was 3.9% in Q1 2025 compared with 5.2% in the same quarter last year.
    • Region Denmark growth around 4% where selected solution areas focusing on the Public sector in Denmark, is showing growth upwards at 8%. SCALES also contributed to the growth in region Denmark solidifying its position as a leader within D365 solutions.
    • Special items amounted to DKK 25.3m in Q1 2025 covering restructuring costs of DKK 20m impacting all regions, earn-out payments of DKK 3m, and IT systems and integration costs amounting to around DKK 2m.
    • The financial outlook for 2025 was adjusted on May 5, 2025 cf. company announcement 04/2025 as the current macroeconomic and geopolitical landscape has deteriorated materially since the full-year outlook communicated in February. NNIT expects to be further affected by current uncertainty why the organic growth range was adjusted to 0% to 5% (previously 7% to 10%). Group operating profit margin excl. special items was maintained at 7% to 9% due to significant cost reducing initiatives with most already having been executed. As a result of lower revenue generation caused mainly by external factors, NNIT expects to incur additional restructuring costs as special items. Special items are expected to be at up to last year’s level of DKK 69m (previously expected to be significantly below the 2024 level).

    The first quarter was more severely affected by uncertainty than expected at the beginning of the year. Hesitance among several customers of NNIT has resulted in less revenue and sales as projects are being postponed. In general, NNIT has taken action to adjust capacity to fit the current demand with several reductions completed in 2024 and leaving NNIT in a stronger position going into 2025. However, it has been necessary to take further actions to mitigate the business impact from lower revenue generation with a reduction of around 100 employees in Q1 2025. Furthermore, NNIT has carried out several cost-reducing initiatives such as putting new employments on hold and limiting all discretionary spending to a minimum with full impact from the second quarter.

    Given the current macroeconomic environment and geopolitical unrest, NNIT continues to expect that its customers will be affected, which is reflected in the adjusted full-year financial outlook.

    Pär Fors, CEO of NNIT, comments: “The business environment of NNIT has deteriorated in the first quarter of the year as especially our Life Science customers are being negatively impacted by the macroeconomic unrest. Customers are hesitant to engage in new contracts before things are stabilizing, and we are navigating this environment to continue our strategic journey at NNIT. However, the impact from the uncertainty is more severe than initially expected, why the full-year outlook has been adjusted.”

    Financial overview – Selected key figures

    NNIT A/S, DKK million Q1 2025 Q1 2024 FY 2024
    Revenue 464.1 463.4 1,851
    Revenue growth, % 0.2% 12.2% 23.4%
    Revenue growth, organic % -0.8% 8.0% 10.8%
    Group operating profit excl. special items 18.0 23.9 117
    Group operating profit margin excl. special items, % 3.9% 5.2% 6.3%
    Special items .25.3 11.3 -69
    Group operating profit incl. special items -7.3 35.2 48
    Group operating profit margin incl. special items, % -1.6% 7.6% 2.6%
           
    Free cash flow -73 -166 -40

    Conference call

    May 6, 2025, at 3:00 PM CEST: Webcast link 

    Dial in information:
    DK: +45 78 76 84 90
    SE: +46 31-311 50 03
    UK: +44 20 3769 6819
    US: +1 646 787 0157
    Participant Access code: 472855

    For more information, please contact:

    Investor Relations
    Carsten Ringius            
    EVP & CFO
    Tel: +45 3077 8888
    carr@nnit.com

    Media Relations
    Thomas Stensbøl
    Press & Communications Manager
    Tel: +45 3077 8800
    tmts@nnit.com 

    ABOUT NNIT

    NNIT is a leading provider of IT solutions to life sciences internationally, and to the public and private sectors in Denmark.

    We focus on high complexity industries and thrive in environments where regulatory demands and complexity are high.

    We advise on and build sustainable digital solutions that work for the patients, citizens, employees, end users or customers.

    We strive to build unmatched excellence in the industries we serve, and we use our domain expertise to represent a business first approach – strongly supported by a selection of partner technologies but always driven by business needs rather than technology.

    NNIT consists of group company NNIT A/S and the subsidiary SCALES. Together, these companies employ more than 1,700 people in Europe, Asia and the USA.

    Attachments

    The MIL Network –

  • MIL-OSI: Natural Gas Services Group, Inc. Announces First Quarter 2025 Earnings Conference Call

    Source: GlobeNewswire (MIL-OSI)

    Midland, Texas, May 05, 2025 (GLOBE NEWSWIRE) —  Natural Gas Services Group, Inc. (NYSE:NGS), a leading provider of natural gas compression equipment, technology and services to the energy industry, will host a conference call to review its first quarter financial results on May 13, 2025 at 8:30 a.m. (EST), 7:30 a.m. (CST). The Company’s Q1 2025 financial and operating results for the first quarter will be disseminated via press release and made available on the Company’s website (www.ngsgi.com) after market close on May 12, 2025.

    To join the conference call, kindly access the Investor Relations section of our website at www.ngsgi.com or dial in at (800) 550-9745 and enter conference ID: 167298 at least five minutes prior to the scheduled start time. Please note that using the provided dial-in number is necessary for participation in the Q&A section of the call. A recording of the conference will be made available on our Company’s website following its conclusion. Thank you for your interest in our company’s updates.

    About Natural Gas Services Group, Inc.

    Natural Gas Services Group is a leading provider of natural gas compression equipment, technology and services to the energy industry. The Company designs, rents, sells and maintains natural gas compressors for oil and natural gas production and plant facilities, primarily using equipment from third-party fabricators and OEM suppliers along with limited in-house assembly. The Company is headquartered in Midland, Texas, with a fabrication facility located in Tulsa, Oklahoma, a rebuild shop located in Midland, Texas, and service facilities located in major oil and natural gas producing basins in the U.S. Additional information can be found at www.ngsgi.com.

    For Additional Information:

    Anna Delgado-Investor Relations
    (432) 262-2700
    ir@ngsgi.com
    www.ngsgi.com

    The MIL Network –

  • MIL-OSI: CORRECTION: Oma Savings Bank Plc’s Interim Report 1.1.-31.3.2025: High costs and declining market interest rates weighed on the result, work to strengthen OmaSp continues

    Source: GlobeNewswire (MIL-OSI)

    OMA SAVINGS BANK PLC, STOCK EXCHANGE RELEASE 5 MAY 2025 AT 13.00 A.M. EET, INTERIM REPORT Q1


    CORRECTION: Oma Savings Bank Plc’s Interim Report 1.1.-31.3.2025: High costs and declining market interest rates weighed on the result, work to strengthen OmaSp continues

    This release corrects the January-March interim report published today at 9.45 a.m. EET. The CEO’s review contained an incorrect figure regarding the total investments in the Noste project. The corrected sentence reads: Total investments in the Noste project reached EUR 11.6 million over its duration.

    Below the corrected stock exchange release and the interim report January-March 2025 attached.

    Oma Savings Bank Plc’s Interim Report 1.1.-31.3.2025: High costs and declining market interest rates weighed on the result, work to strengthen OmaSp continues

    This release is a summary of Oma Savings Bank’s (OmaSp) January-March 2025 Interim Report, which can be read from the pdf file attached to this stock exchange release and on the Company’s web pages www.omasp.fi

    CEO Karri Alameri: High costs and declining market interest rates weighed on the result, work to strengthen OmaSp continues

    ”I had the honour of starting as the CEO of Oma Savings Bank at the end of March. In recent weeks, I have engaged with the bank’s personnel, customers, and stakeholders across Finland. These discussions have underscored OmaSp’s strong customer relationships, employee commitment, as well as comprehensive range of services, and personalised service model. These elements provide a solid foundation for OmaSp’s next phase. It is clear that we must continue refining our policies and evolving our ways of working. Trust in the Company is rebuilt through actions.

    The comparable profit before taxes for the first quarter was EUR 4.6 million and the comparable cost/income ratio of 54.4%. Profit and profitability were burdened by increased operating and personnel expenses, as well as lower net interest income due to declining market interest rates.

    The increase in costs is primarily attributed to the implementation of the risk management action plan (the “Noste”) initiated in summer 2024. The final investments in the project were made as planned in the first quarter, and new operating models are being integrated into daily operations. Total investments in the Noste project reached EUR 11.6 million over its duration. What is more, we continue to act on the findings of the supervisory assessment.

    Net interest income decreased by 18.3% compared to the comparison period, totalling EUR 46.9 million. The decline is due to fallen market interest rates. The volumes transferred from Handelsbanken have contributed to the development of net interest income as market interest rates have declined.

    Fee and commission income and expenses (net) remained nearly at the level of the comparison period, amounting to EUR 14.7 million.

    The mortgage loan portfolio increased by 3.0%, the corporate loan portfolio by 0.4%, and the deposit base by 2.7% from the level of the previous year.

    Impairment losses on financial assets totalled EUR -22.3 million in January–March. Approximately one-third was related to the update of the calculation model for expected credit losses (ECL), another third to increased allowances in the portfolio, which is being wound down in a controlled manner, and the remaining third to other impairment losses on the loan portfolio due to the general uncertain economic situation.

    Additionally, a provision of EUR 3.0 million was made for the first quarter to prepare for potential sanctions from the Finnish Financial Supervisory Authority (FIN-FSA) due to deficiencies identified in the final inspection report on the prevention of money laundering and terrorist financing. The FIN-FSA’s audit covered the period prior to December 2023. Measures to rectify the deficiencies were initiated while the audit was underway last year.

    Customer and employee satisfaction at an excellent level

    Following the Handelsbanken acquisition, we gained 10,000 new customers last autumn, and the integration has progressed smoothly. We have 48 branches covering all key growth and regional centres in Finland. In January–March, approximately 800 new customer relationships were established organically per month. OmaSp has a strong customer base of over 200,000. We are committed to offering services to households and SMEs across our network.

    Our customer and employee surveys indicated that satisfaction has remained at the excellent level of previous years. I want to extend my gratitude to our personnel for their exemplary work. Committed and motivated personnel are crucial to OmaSp’s future success.

    OmaSp’s financial position is stable, with a good solvency and liquidity position. The total capital (TC) ratio further strengthened to 17.7% at the end of March. The accumulated equity exceeds EUR 583 million.

    I look to the future with confidence. We will continue to develop our operations, invest in our core business, and strengthen the customer experience for both existing and new customers. Our strategy aims for profitable growth.”

    January–March 2025

    • In January–March, net interest income decreased by 18.3% compared with the same period last year. Net interest income totalled EUR 46.9 (57.4) million.
    • Mortgage portfolio increased by 3.0% during the previous 12 months. Corporate loan portfolio increased by 0.4% during the previous 12 months.
    • Deposit base increased by 2.7% over the past 12 months.
    • From January to March, fee and commission income and expenses (net) decreased mainly due to lower lending commissions compared to the comparison period, 2.6%.
    • From January to March, total operating income decreased by 18.9% compared to the comparison period. In the first quarter, comparable total operating income decreased by 19.8% and was EUR 59.5 (74.3) million.
    • From January to March, total operating expenses grew in total by 31.9%. The growth is mainly explained by the costs of the Company’s ongoing extensive risk management development projects, the authority processes and the promotion of a controlled winding down plan related to the non-compliance with the guidelines. In addition, the number of personnel increased compared to the comparison period due to business arrangements, the opening of new branches and the strengthening of the risk management processes. Other operating expenses were in total EUR 22.2 (16.4) million, of which the development costs of the risk management action plan and investigation costs amounted to EUR 5.3 million.
    • Comparable total operating expenses grew by 27.9% in the first quarter and were EUR 32.2 (25.2) million. Of this amount the risk management action plan (the ”Noste”) amounted to EUR 3.3 million. The measures implemented in the first quarter completed the action plan initiated in the summer of 2024.
    • For January-March, the impairment losses on financial assets were in total EUR -22.3 (-23.1) million. During the reporting period, the Company updated the calculation model for expected credit losses (ECL) as part of a larger operational programme and development of risk control. The total impact of the updated model increased the ECL by approximately EUR 8.5 million. In addition, the amount of impairment losses was impacted by an increase in allowances in the controlled winding down of the portfolio, which had an impact of approximately EUR 5.7 million. In other credit portfolio, impairment losses amounted to approximately EUR 8.1 million, and the development was particularly affected by the overall economic uncertainty.
    • For January-March, profit before taxes was EUR 3.1 (24.7) million and comparable profit before taxes was EUR 4.6 (25.6) million.
    • In the first quarter, cost/income ratio was 57.4 (35.2)% and comparable cost/income ratio was 54.4 (34.1)%.
    • In the first quarter, comparable return on equity (ROE) was 2.5 (15.5)%.
    • Total capital (TC) ratio was 17.7 (15.6)%.
    The Group’s key figures (1,000 euros) 1.3.2025 1.3.2024 Δ % 1.12.2024
    Net interest income 46,88 57,369 -18 % 213,097
    Fee and commission income and expenses, net 12,439 12,766 -3 % 50,745
    Total operating income 60,074 74,08 -19 % 270,068
    Total operating expenses -34,24 -25,958 32 % -111,004
    Impairment losses on financial assets, net -22,322 -23,112 -3 % -83,379
    Profit before taxes 3,111 24,668 -87 % 74,589
    Cost/income ratio, % 57.4% 35.2% 63 % 41.3%
    Balance sheet total 7,517,814 7,531,291 0 % 7,709,090
    Equity 583,026 527,426 11 % 576,143
    Return on assets (ROA) % 0.1% 1.0% -88 % 0.8%
    Return on equity (ROE) % 1.7% 14.9% -89 % 10.7%
    Earnings per share (EPS), EUR 0.07 0.60 -88 % 1.80
    Total capital (TC) ratio % 17.7% 16.9% 5 % 15.6%
    Common Equity Tier 1 (CET1) capital ratio % 16.5% 15.4% 8 % 14.4%
             
    Comparable profit before taxes 4,617 25,626 -82 % 86,656
    Comparable cost/income ratio, % 54.4% 34.1% 60 % 37.8%
    Comparable return on equity (ROE) % 2.5% 15.5% -84 % 12.4%

    Outlook for the financial year 2025 adjusted

    OmaSp updated its expected credit loss (ECL) calculation model in the first quarter and made a provision to prepare for possible sanctions following the final inspection report from the FIN-FSA on anti-money laundering and terrorist financing. These had a total one-off impact of approximately EUR -11 million on the results. Overall economic uncertainly has further increased. Therefore, OmaSp maintains its earnings guidance on the Group’s comparable profit before taxes to be EUR 65–80 million for the financial year 2025, with a clarification that the figure is expected to be below the mid-point of the range.

    Business outlook and earnings guidance are as follows:

    The outlook for the Company’s business for the financial year 2025 is affected by the decline in market interest rates and the continued high level of costs due to IT investments and system improvements required by risk management and quality processes. In addition, the Company continues to invest in customer experience on different channels. The uncertainty of the operating environment and economic situation affects the development of balance sheet items and comparable profit for the financial year 2025.

    Oma Savings Bank Plc provides earnings guidance on comparable profit before taxes for 2025. Earnings guidance is based on the forecast for the entire year, which takes into account the current market and business situation. Forecasts are based on the management’s insight into the Group’s business development.

    We estimate the Group’s comparable profit before taxes to be EUR 65–80 million for the financial year 2025, with a clarification that the figure is expected to be below the mid-point of the range (comparable profit before taxes was EUR 86.7 million in the financial year 2024).

    Oma Savings Bank Plc

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

    DISTRIBUTION: 
    Nasdaq Helsinki Ltd
    Major media
    www.omasp.fi

    OmaSp is a solvent and profitable Finnish bank. About 500 professionals provide nationwide services through OmaSp’s 48 branch offices and digital service channels to over 200,000 private and corporate customers. OmaSp focuses primarily on retail banking operations and provides its clients with a broad range of banking services both through its own balance sheet as well as by acting as an intermediary for its partners’ products. The intermediated products include credit, investment and loan insurance products. OmaSp is also engaged in mortgage banking operations.

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

    Attachment

    The MIL Network –

  • MIL-OSI Global: A basic income support grant can address extreme poverty and inequality in South Africa – economic model shows how

    Source: The Conversation – Africa – By Carolyn Chisadza, Associate professor, University of Pretoria

    South Africa remains one of the most unequal countries in the world. The country’s per-capita expenditure Gini coefficient, a measure of how spending from income is distributed, stands at 0.65. This puts it among countries with the most unequal distribution of spending globally.

    Nearly 55% of the population were living in poverty in 2023. The country also has one of the highest unemployment rates in the world: 33.5% in the second quarter of 2024. To compound these issues, economic growth has stagnated since 2008.

    Ending extreme poverty, unemployment and inequality requires economic growth that includes more people. To get that result, there must be a set of interventions that work together. One intervention being considered in South Africa is basic income support to relieve poverty among unemployed citizens.

    Prior to the COVID-19 pandemic, basic income support had been on the policy agenda in South Africa for at least two decades, since the Taylor Committee in 2001. The pandemic made existing inequalities worse through job losses. A “social relief of distress” grant was introduced in 2020 to support the unemployed.

    The grant targeted those affected by sudden income loss, including unemployed working-age individuals who did not qualify for other grants. The introduction of the grant renewed interest in the concept of a universal basic income, or a more comprehensive form of income support. It highlighted the welfare potential for a more permanent basic income support system.

    Very few cases of universal basic income support pilots exist in developing countries. Where they do exist, studies point to the vital benefits a basic income grant system might provide. Examples include evidence from a pilot in Namibia, nine villages in India, and rural Kenya.

    In a recently published paper, a team of economists explored the possible effects of introducing permanent basic income support to:

    • all individuals aged between 18 and 59

    • only those who are unemployed

    • only unemployed individuals in extremely poor households, defined by the food poverty line.

    The economic modelling exercise demonstrates that a basic income grant targeting all individuals aged between 18 and 59 could significantly reduce poverty and inequality. These gains would, however, require carefully targeted and implemented interventions over a multi-year period.

    Our approach

    The study identifies which socio-economic groups would benefit the most from the grant, and sheds light on the impact of basic income support on the welfare and livelihoods of individuals and their households. We used market income or pre-transfer income as the starting point to see how public spending changed poverty or income inequality.

    We used data from the 2017 Quarterly Labour Force Survey, a measure of employment and unemployment based on the country’s working population. Using the three scenarios, we calculated the likely effects.

    The first scenario was based on the universal grant being paid to all those aged 18 to 59. In the second, only those aged 18-59 who were unemployed received it. Lastly, only those who lived in extremely poor households and were unemployed in 2017 were included.

    Some form of support exists for children under 18 (child grant) and for adults aged 60 and over (pension). That’s why we allocated the grant only for adults from 18 to 59.

    In all the scenarios, the income support transfer is assumed to be R595 (US$38) per individual per month in 2021, equivalent to what it cost to provide a basic basket of food (that is, the food poverty line). We use R595 as it closely aligns with the COVID social relief of distress grant extension and reflects the grant amount for the 2021/22 financial year.

    Main findings

    The main findings show that in general, a basic income support grant has the potential to reduce poverty and inequality in South Africa. However, the effect varies based on the targeting mechanism used to identify beneficiaries. Absolute poverty, its gap (the ratio by which the mean income of the poor falls below the poverty line) and income inequality fall the most when the transfer is universal or targets the unemployed and the extreme poor.

    In the first scenario (support for all individuals aged 18 to 59) and the third scenario (the unemployed and extremely poor), both poverty headcount (the percentage of the population living below the national poverty line) and the poverty gap (the ratio by which the mean income of the poor falls below the poverty line) decrease more than in the second scenario (targeting only the unemployed). The income inequality reduction is also larger in the first and third scenarios compared to the second scenario.

    Significance of findings

    The significance of these findings is that better targeting makes basic income support more pro-poor and progressive, and reduces the leakage of the benefit to the non-poor.

    In countries such as South Africa, where poverty and inequality are extensive and public resources are limited, the case for targeting is attractive. But it’s important to recognise that effective targeting entails higher administrative costs. Conversely, while a universal basic income grant may be more expensive in terms of total disbursement, it has the greatest potential to reduce poverty and overall inequality.

    The government can make the best use of its resources by focusing on vulnerable populations, such as those who are extremely poor and unemployed.

    Finding the right criteria to identify the poor, and running the grant properly, largely determines the programme’s success in improving welfare.

    Concluding remarks

    South Africa is currently saddled with high poverty and inequality. Our study brings the debate on the potential welfare benefits of expanding existing social grants back to the forefront of social policy.

    Eleni Abraham Yitbarek is affiliated with Partnership for Economic Policy (Research Fellow)

    Carolyn Chisadza, Kehinde Oluwaseun Omotoso, Margaret Chitiga-Mabugu, Nicky Nicholls, and Ramos Emmanuel Mabugu do not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

    – ref. A basic income support grant can address extreme poverty and inequality in South Africa – economic model shows how – https://theconversation.com/a-basic-income-support-grant-can-address-extreme-poverty-and-inequality-in-south-africa-economic-model-shows-how-247954

    MIL OSI – Global Reports –

  • MIL-OSI Russia: Since the beginning of 2025, more than 3 million people have visited the China-Kazakhstan ICBC “Khorgos”

    Translation. Region: Russian Federal

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

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

    BEIJING, May 5 (Xinhua) — As of April 27, the China-Kazakhstan International Boundary Cooperation Center Khorgos (ICBC Khorgos) has received more than three million visitors since the beginning of this year, Zhongxinshe News Agency reported.

    For comparison, last year the number of visitors to the Khorgos ICBC exceeded the 3 million mark 74 days later – only in July.

    The Khorgos ICBC in the city of the same name in the Xinjiang Uyghur Autonomous Region was commissioned in April 2012. Its total area is 5.28 square kilometers, of which 3.43 square kilometers belong to China and 1.85 square kilometers to Kazakhstan. The center is mainly used as a venue for trade negotiations, exhibitions, sales, storage and transportation of goods, as well as the provision of financial services.

    Currently, there are more than 2,000 retail outlets in the Chinese part of the Khorgos International Centre of Boundary Cooperation, where they sell about a thousand types of goods produced in 40 countries and regions of the world.

    As reported at the Khorgos border checkpoint, the border service has developed measures in advance to provide assistance to various categories of citizens in connection with the expected sharp increase in the number of people crossing the state border during the May Day holidays. -0-

    MIL OSI Russia News –

  • MIL-OSI Europe: Written question – Transparency and labelling obligations – E-001650/2025

    Source: European Parliament

    Question for written answer  E-001650/2025
    to the Commission
    Rule 144
    Georg Mayer (PfE)

    • 1.Are there any rules in the Commission that require organisations funded by the EU to publicly label their financial dependence on EU funds (e.g. on websites, publications, events)?
    • 2.How many of the civil society organisations supported by EU funding publish annual reports with funding sources or project funding on a voluntary basis?
    • 3.What measures is the Commission taking to ensure that publicly funded organisations do not influence public opinion and politics in their capacity as supposedly independent actors?

    Submitted: 24.4.2025

    Last updated: 5 May 2025

    MIL OSI Europe News –

  • MIL-OSI Europe: Written question – Impact of the revised EU Emissions Trading System on household costs – E-001665/2025

    Source: European Parliament

    Question for written answer  E-001665/2025
    to the Commission
    Rule 144
    Beatrice Timgren (ECR), Charlie Weimers (ECR), Dick Erixon (ECR)

    The extension of the EU Emissions Trading System (ETS) to include road transport and buildings under ETS 2 is expected to significantly raise energy costs for households across the EU. According to a recent analysis, the cost of this measure could be as much as EUR 650 per year for Belgian households.[1]

    This raises concerns about the distributive effects of the revised ETS, especially at a time when many families are already struggling with inflation and high energy prices. The largest burden will fall disproportionately on middle- and lower-income citizens in colder, car-dependent regions.

    • 1.Does the Commission acknowledge that the revised ETS places a disproportionate financial burden on certain Member States and certain households, e.g. those living in colder rural areas?
    • 2.In the light of the disproportionate burden placed on certain households, has the Commission considered adjusting the ETS so that it does not punish households that are not eligible for compensation from the Social Climate Fund, but which are still hit with considerably increased expenses?
    • 3.Considering the strained financial situation for many households, has the Commission considered pausing the implementation of the revised ETS, and what would the consequences on climate and household economy be if such a pause took place?

    Submitted: 24.4.2025

    • [1] https://energyville.be/wp-content/uploads/2025/04/ETS2-paper_final-15042025.pdf.
    Last updated: 5 May 2025

    MIL OSI Europe News –

  • MIL-OSI Europe: Written question – Artificial property holdings, unfair competition and social housing – E-001414/2025

    Source: European Parliament

    Question for written answer  E-001414/2025/rev.1
    to the Commission
    Rule 144
    Nikos Pappas (The Left)

    According to a recent case study on Thessaloniki,[1] from 2008 onwards, sky-rocketing property prices were accompanied by excessive housing loans, which, at the onset of the economic crisis, resulted in mass foreclosures and the ownership of a large number of properties being transferred to the banks. With a view to limiting financial losses, the banks avoided putting these properties on the market, whereas they are now actively reappearing through the banks’ own brokerage mechanisms or sales to investment funds. The thousands of unsold properties, which are mostly small and old, remain out of use by society. This exacerbates the decline of the already limited housing stock and acts as a catalyst for increased market and rental prices.

    In light of the above, can the Commission answer the following:

    • 1.How does the Commission intend to address the artificial holding of real estate by banks and funds, which hampers accessibility to affordable housing, especially in urban centres, and examine whether this practice constitutes a form of unfair competition to the detriment of both tenants and private owners?
    • 2.Does it intend to regulate, at EU level, the activities of investment funds and servicers in the housing sector, in order to ensure transparency and the protection of social housing?
    • 3.How could the Commission help ensure that national tax incentives (e.g. exemptions for renovations) do not create unequal treatment in favour of large landlords to the detriment of tenants and vulnerable groups?

    Submitted: 7.4.2025

    • [1] Hatziprokopiou, P., Mangou, I. Siatitsa, D. (2024), Assessing vacant homes in the Municipality of Thessaloniki. Thessaloniki Social Atlas, https://thessalonikisocialatlas.arch.auth.gr/en/items/prosengizontas-tis-kenes-katoikies-sto-dimo-thessalonikis/
    Last updated: 5 May 2025

    MIL OSI Europe News –

  • MIL-OSI Europe: Written question – Large-scale funding of NGOs without proper scrutiny or transparency – E-001634/2025

    Source: European Parliament

    Question for written answer  E-001634/2025
    to the Commission
    Rule 144
    Jean-Paul Garraud (PfE)

    In its Special Report 11/2025, the European Court of Auditors revealed a system that is wholly unacceptable: the European Union finances NGOs on a very large scale with no serious scrutiny. Organisations proclaiming themselves to be NGOs receive grants without proper verification of their independence or compliance with European values (paragraphs 11, 17 and 23). Some serve commercial interests, while others have distinct political agendas, without democratic legitimacy.

    More than 40% of the funds are received by a small number of organisations favoured by the Commission (paragraph 42), 85% of which survive exclusively on public grants (paragraph 57). This opaque system makes it possible to finance ideological, pro-immigration campaigns and structures committed to communitarian causes or which advocate in favour of sensitive societal issues.

    • 1.How does the Commission justify the fact that entities serving private interests can be recognised as NGOs and thus benefit from European public funding?
    • 2.Why does it continue to publish incomplete or unusable financial data, making it impossible for citizens to scrutinise the funds allocated to NGOs?
    • 3.Will it make all public funding conditional on full transparency regarding the sources of funding and political activities of NGOs?

    Submitted: 23.4.2025

    Last updated: 5 May 2025

    MIL OSI Europe News –

  • MIL-OSI Europe: Written question – Ensuring transparency, efficiency and equal access in the Recovery and Resilience Facility’s digitalisation projects – E-001668/2025

    Source: European Parliament

    Question for written answer  E-001668/2025
    to the Commission
    Rule 144
    Sakis Arnaoutoglou (S&D)

    A large part of the Recovery and Resilience Facility’s resources has been committed to the implementation of public sector digitalisation projects, which are in many cases undertaken by a few powerful companies. However, there are concerns about delays, low efficiency and the extent to which these projects actually boost regional development and the needs of the agriculture, fishing and local infrastructure sectors. Meanwhile, smaller and innovative businesses are often excluded from the process.

    In view of the above:

    • 1.What measures is the Commission putting in place to ensure the transparency and efficient implementation of the digitalisation projects financed by the Recovery and Resilience Facility?
    • 2.How is equal access to the design and execution of these projects ensured for small and medium-sized enterprises?
    • 3.Is there provision for evaluating the contribution of IT projects to strengthening agricultural production, fishing and regional infrastructure, so that investments also benefit local communities and not just large companies?

    Submitted: 24.4.2025

    Last updated: 5 May 2025

    MIL OSI Europe News –

  • MIL-OSI Africa: A basic income support grant can address extreme poverty and inequality in South Africa – economic model shows how

    Source: The Conversation – Africa – By Carolyn Chisadza, Associate professor, University of Pretoria

    South Africa remains one of the most unequal countries in the world. The country’s per-capita expenditure Gini coefficient, a measure of how spending from income is distributed, stands at 0.65. This puts it among countries with the most unequal distribution of spending globally.

    Nearly 55% of the population were living in poverty in 2023. The country also has one of the highest unemployment rates in the world: 33.5% in the second quarter of 2024. To compound these issues, economic growth has stagnated since 2008.

    Ending extreme poverty, unemployment and inequality requires economic growth that includes more people. To get that result, there must be a set of interventions that work together. One intervention being considered in South Africa is basic income support to relieve poverty among unemployed citizens.

    Prior to the COVID-19 pandemic, basic income support had been on the policy agenda in South Africa for at least two decades, since the Taylor Committee in 2001. The pandemic made existing inequalities worse through job losses. A “social relief of distress” grant was introduced in 2020 to support the unemployed.

    The grant targeted those affected by sudden income loss, including unemployed working-age individuals who did not qualify for other grants. The introduction of the grant renewed interest in the concept of a universal basic income, or a more comprehensive form of income support. It highlighted the welfare potential for a more permanent basic income support system.

    Very few cases of universal basic income support pilots exist in developing countries. Where they do exist, studies point to the vital benefits a basic income grant system might provide. Examples include evidence from a pilot in Namibia, nine villages in India, and rural Kenya.

    In a recently published paper, a team of economists explored the possible effects of introducing permanent basic income support to:

    • all individuals aged between 18 and 59

    • only those who are unemployed

    • only unemployed individuals in extremely poor households, defined by the food poverty line.

    The economic modelling exercise demonstrates that a basic income grant targeting all individuals aged between 18 and 59 could significantly reduce poverty and inequality. These gains would, however, require carefully targeted and implemented interventions over a multi-year period.

    Our approach

    The study identifies which socio-economic groups would benefit the most from the grant, and sheds light on the impact of basic income support on the welfare and livelihoods of individuals and their households. We used market income or pre-transfer income as the starting point to see how public spending changed poverty or income inequality.

    We used data from the 2017 Quarterly Labour Force Survey, a measure of employment and unemployment based on the country’s working population. Using the three scenarios, we calculated the likely effects.

    The first scenario was based on the universal grant being paid to all those aged 18 to 59. In the second, only those aged 18-59 who were unemployed received it. Lastly, only those who lived in extremely poor households and were unemployed in 2017 were included.

    Some form of support exists for children under 18 (child grant) and for adults aged 60 and over (pension). That’s why we allocated the grant only for adults from 18 to 59.

    In all the scenarios, the income support transfer is assumed to be R595 (US$38) per individual per month in 2021, equivalent to what it cost to provide a basic basket of food (that is, the food poverty line). We use R595 as it closely aligns with the COVID social relief of distress grant extension and reflects the grant amount for the 2021/22 financial year.

    Main findings

    The main findings show that in general, a basic income support grant has the potential to reduce poverty and inequality in South Africa. However, the effect varies based on the targeting mechanism used to identify beneficiaries. Absolute poverty, its gap (the ratio by which the mean income of the poor falls below the poverty line) and income inequality fall the most when the transfer is universal or targets the unemployed and the extreme poor.

    In the first scenario (support for all individuals aged 18 to 59) and the third scenario (the unemployed and extremely poor), both poverty headcount (the percentage of the population living below the national poverty line) and the poverty gap (the ratio by which the mean income of the poor falls below the poverty line) decrease more than in the second scenario (targeting only the unemployed). The income inequality reduction is also larger in the first and third scenarios compared to the second scenario.

    Significance of findings

    The significance of these findings is that better targeting makes basic income support more pro-poor and progressive, and reduces the leakage of the benefit to the non-poor.

    In countries such as South Africa, where poverty and inequality are extensive and public resources are limited, the case for targeting is attractive. But it’s important to recognise that effective targeting entails higher administrative costs. Conversely, while a universal basic income grant may be more expensive in terms of total disbursement, it has the greatest potential to reduce poverty and overall inequality.

    The government can make the best use of its resources by focusing on vulnerable populations, such as those who are extremely poor and unemployed.

    Finding the right criteria to identify the poor, and running the grant properly, largely determines the programme’s success in improving welfare.

    Concluding remarks

    South Africa is currently saddled with high poverty and inequality. Our study brings the debate on the potential welfare benefits of expanding existing social grants back to the forefront of social policy.

    – A basic income support grant can address extreme poverty and inequality in South Africa – economic model shows how
    – https://theconversation.com/a-basic-income-support-grant-can-address-extreme-poverty-and-inequality-in-south-africa-economic-model-shows-how-247954

    MIL OSI Africa –

  • MIL-OSI Russia: 60 years of international education: Polytechnic celebrated the anniversary of the preparatory faculty

    Translation. Region: Russian Federal

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

    Peter the Great St. Petersburg Polytechnic University celebrated the 60th anniversary of the preparatory faculty for foreign students. This event was not just an anniversary date, but a vivid demonstration of many years of successful experience and achievements in the field of international education.

    The history of the faculty began in 1965, when the first 200 students from Cuba, Arab countries and Africa crossed the threshold of the classrooms at 21 Politekhnicheskaya Street. Under the leadership of Dean A. N. Nosov, a unique educational structure was created with three departments: Russian language, natural sciences and humanities. In 1988, the faculty found a new home – a modern building at 28 Grazhdansky Prospekt, which today remains a center of attraction for foreign students.

    The special value of the preparatory faculty is its ability to adapt to the challenges of the time, while maintaining the best traditions. Today we see how graduates of the preparatory faculty become successful specialists all over the world, and many remain in Russia, contributing to the development of our economy and science. This is the best assessment of our work, – noted the Vice-Rector for International Affairs of SPbPU Dmitry Arsenyev.

    Over six decades, the preparatory faculty has achieved impressive results in educational activities.

    When I came to Russia, I knew only a few Russian words. But thanks to the unique teaching method, after a month and a half I could understand speech and participate in dialogues, recalls 2016 graduate Hanaa Itri from Morocco. Today, she successfully works at a large Russian university, continuing the traditions of intercultural communication.

    The anniversary celebrations lasted two days. On the first day, an all-Russian scientific and methodological seminar was held, where representatives of leading Russian universities – Moscow State University, Peoples’ Friendship University of Russia, Kazan Federal University, Tomsk and Volgograd Polytechnics – discussed current issues of teaching taking into account the ethnic factor.

    On the second day, a festival of Russian language and culture was held, where students enthusiastically competed in linguistic contests, participated in master classes on folk crafts, and mastered the secrets of traditional Russian cuisine.

    The culmination of the celebration was the gala concert in the White Hall “Day of the Russian Language”, in which more than 60 students from 30 countries participated. The staff and veterans of the Higher School received gratitude from the Committee for Science and Higher School of St. Petersburg and honorary certificates from SPbPU.

    Preparatory faculty graduates shared their memories of their student years. One of them is the senior teacher of additional education at the Higher School of MOP Mukbil Mansur Hassan Muhammad from Yemen. After studying at the preparatory faculty, he graduated from the physics and metallurgy faculty and defended his PhD thesis at the Polytechnic University.

    The Polytechnic Institute has become my home. I love my job and my students. My students are my friends. I know from my own experience how difficult it is to adapt to life in another country where everything is new: the climate, the cuisine, the language, the people. Creative events help students get to know the country and get to know each other better, – shared Mukbil Mansur Hassan Muhammad.

    Foreign students performed Russian songs and dances at the concert. The numbers dedicated to the 80th anniversary of the Victory in the Great Patriotic War were presented: the compositions “Katyusha”, “Wait for me”, “Yablochko” and “Siniy kerchief”.

    The event was attended by students from Turkmenistan, China, Latin America and Africa, as well as from other parts of the world. Many students of the preparatory faculty have talents: they dance, sing, recite poems. Concerts and similar events help foreign children adapt to our culture. Creativity plays an important role in this process, – said Lyubov Stepanova, senior teacher of additional education at the Higher School of MOP and the organizer of the event.

    Last year’s preparatory faculty graduates and current first-year students of the Institute of Historical and Cultural Studies Anzhi and Roz from Haiti also took part in the concert: Russia is a large, beautiful country with a rich culture and history. When we were choosing a university for study on the Internet, we really liked the Polytechnic, and were impressed by the opportunities for students. And our friends study here, and they told us a lot of good things. We like it here, the teachers are very helpful, for which we are very grateful to them.

    60 years is not just a number. It is thousands of graduates, dozens of countries, hundreds of educational programs. But the main thing is the traditions of quality and innovation that we carefully preserve and develop, – summed up the director of the Higher School of International Educational Programs Viktor Krasnoshchyokov.

    Today, the preparatory faculty of SPbPU is a modern educational center, where time-tested methods and innovative approaches are harmoniously combined. As a graduate from Indonesia, Desmarnov Tirto Pamangin, said: Here they not only give knowledge of the language, but also open the door to a new life. This is precisely the mission of the Higher School – to be a bridge between cultures and peoples.

    Photo archive

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

    MIL OSI Russia News –

  • MIL-OSI Asia-Pac: Forests Are Our Lungs, Forests Regulate Climate, Buffer Disasters, and Support the Marginalised, Says VP

    Source: Government of India

    Forests Are Our Lungs, Forests Regulate Climate, Buffer Disasters, and Support the Marginalised, Says VP

    The Vice-President of India, Shri Jagdeep Dhankhar, today said,“Forests are extremely important. Forests are our lungs. If a country’s forests are in good shape, its people will enjoy good health—because forests are the lungs. Agriculture is our lifeline. But we need forests as they regulate climate, they buffer disasters, and they support livelihoods—especially for the poor and marginalized.”

    Interacting with faculty members and students of the College of Forestry, Sirsi, during a special programme on the “Role of Forestry in Nation Building”, today, Shri Dhnakhar emphasised that,“We must pledge to protect our forests and contribute in every way possible, because climate change is a global challenge—a global menace. The situation is alarmingly cliff hanging, and we have no other planet to live on apart from Mother Earth,” he warned.

    Highlighting India’s civilisational wisdom, the Vice-President said, “This land is a confluence of spirituality and sustainability. Sustainability is not just vital for the economy—it is vital for healthy living. Our Vedic culture has preached sustainability for thousands of years. And today, there is no alternative to sustainable development. We cannot engage in reckless exploitation of natural resources. We must restrict ourselves to what is minimally required. We all need to be aware of this.”

    Calling for deeper ecological consciousness, he remarked, “We must develop a sense of self-realisation—that Mother Earth, this environment, the forests, the ecosystems, the flora and fauna—we are their trustees, not consumers. We are duty-bound to pass this on to future generations.”

    “Environment is that aspect of life which touches every living being on Earth. When the environment is challenged, the challenge is not just to humanity—it affects everything that exists on this planet. Today, we face a critical test: to protect and preserve the environment, and to find ways to overcome the grave crisis that is unfolding,” he observed.

    Stressing the role of education in building a sustainable future, the Vice-President said, “Today, no institution can function as a standalone entity. There was a time when medical education, engineering education, management education, environmental education, and forest education all existed in silos. But now, everything has become interdisciplinary. And therefore, we must adopt an inclusive approach to learning.”

    Encouraging young minds, Shri Dhankhar said, “Be inquisitive—have yearning and desire for new knowledge. The academic pursuit you are engaged in holds immense possibilities—far beyond imagination. In our cultural heritage, wherever you look, you will find a treasure trove. The more you study, the more you will be able to serve creation. The very subject you are pursuing today holds the key to remedies and production. You can truly become an effective crucible of research, especially when it comes to forest produce.”

    Applauding the natural setting of the institution, the Vice-President noted, “Sirsi, nestled in the lap of the majestic Western Ghats—is one of the richest biodiversity regions not just in Bharat, but in the entire world. Such an environment transforms the very concept of a classroom. Here, the classroom doesn’t end at four walls; it extends beyond them. This is an open classroom, breathing and brimming with life. The College of Forestry is, fortunately and uniquely, surrounded by nature—in its most pristine form. The view here is truly extraordinary; the atmosphere fills one with joy and celebration.”

    Shri Thaawar Chand Gehlot, Governor of Karnataka, Shri Basavaraj S. Horatti, Speaker of Legislative Council, Govt. of Karnataka, Shri Mankal S. Vaidya, District-in-Charge Minister (Uttara Kannada), Shri Vishweshwar Hegde Kageri, Member of Parliament, Dr. P.L.Patil, Vice Chancellor of University of Agricultural Sciences, Dharwad and other dignitaries were also present on the occasion.

    ****

    JK/RC/SM

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: “Phulera Ka Panchayati Raj” : A Digital Hit with a Self-Reliant Heart

    Source: Government of India

     “Phulera Ka Panchayati Raj” :  A Digital Hit with a Self-Reliant Heart

    Final Episode of the Three Part Series “Alhua Vikas” Highlights Local Taxes Fuel Local Progress

    Posted On: 05 MAY 2025 1:13PM by PIB Delhi

    The Ministry of Panchayati Raj’s  “Alhua Vikas”, the third and final film of the three-part extension series “Phulera Ka Panchayati Raj”, is enthusing digital audiences widely and sensitising them about the issues that affect gram panchayats across India. The third and final episode was released earlier on the occasion of the  National Panchayati Raj Day (24th April, 2025) and has since then received  a phenomenal response on Youtube with over 6M+ views so far. 

    “Alhua Vikas” highlights the critical importance of generating  Own Sources of Revenue (OSR) by Rural Local Bodies that helps in strengthening the self-reliance of Panchayati Raj Institutions (PRIs) across rural India. This film promotes citizen awareness on timely payment of local taxes, highlighting how such contributions enable improved service delivery and sustained village development. The film features renowned actors including Neena Gupta, Faisal Malik, Chandan Roy, Durgesh Kumar, and others from the original “Panchayat” cast, and has received significant public attention with  emphasizes on the message “जमा करके कर, बनाईये अपनी पंचायत को आत्मनिर्भर” to encourage citizens to pay local taxes promptly, thereby supporting development works in their villages. The release of the film that coincided with the conferring of awards on the Panchayats by Prime Minister Shri Narendra Modi on the National Panchayati  Raj Day to recognize the outstanding contributions in the areas of self-reliance in mobilization of Own Sources of Revenue (OSR), reaffirms the resolve of the Ministry towards making the rural local bodies financially self-reliant and “Atmanirbhar”. The Ministry of Panchayati Raj aims to make OSR a household term and encourage capable citizens to pay relevant taxes. These contributions are essential for making Panchayati Raj Institutions financially sustainable and self-sufficient entities of grassroots governance in rural India.

    Watch the Three Part Series “Phulera Ka Panchayati Raj” Showcasing Key Themes of Grassroots Governance in Rural India : Links Given Below :-

    Sl. No.

    Title of sketch / film

    Premiered on

    Theme

    YouTube link

    1.

    Asli Pradhan Kaun?

     

    4th March, 2025

    “Asli Pradhan Kaun?” draws attention to the issue of proxy representation and advocates for strengthening the leadership of elected women representatives of Panchayati Raj Institutions.

     

    https://www.youtube.com/watch?v=GVxadWl5Cjk&t=102s

    2.

    Phulera Mein Chori

     

    12th March, 2025

    “Phulera Mein Chori” highlights the impact of the SVAMITVA Scheme and digital governance tools such as Meri Panchayat App, showcasing how rural communities are gaining access to transparent, efficient services.

     

    https://www.youtube.com/watch?v=d56hvDYu5yA&t=162s

    3.

    Alhua Vikas

     

    24th April, 2025

    “Alhua Vikas” promotes the idea of enhancing Own Sources of Revenue (OSR) through citizen participation, enabling Panchayats to become financially self-reliant and development-ready.

     

    https://www.youtube.com/watch?v=KRW8Nu9Wivs

     

    ***

    Aditi Agrawal

    (Release ID: 2126985) Visitor Counter : 72

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Record Production in Mining in FY 2024-25

    Source: Government of India

    Record Production in Mining in FY 2024-25

    Significant Growth in Production of Key Minerals and Non-Ferrous Metals

    Posted On: 05 MAY 2025 12:14PM by PIB Delhi

    Production of some key minerals in the country witnessed strong growth in FY 2024-25, after reaching record production levels in FY 2023-24. Iron ore accounts for 70% of the total MCDR mineral production by value. As per provisional data, production of iron ore at 289 million metric ton (MMT) in FY 2024-25 has broken the production record of 277 MMT achieved in FY 2023-24, with a 4.3% growth. Similarly, production of manganese ore has also surpassed the production record of 3.4 MMT achieved in FY 2023-24, increasing by 11.8% to 3.8 MMT in FY 2024-25. Production of bauxite has also risen by 2.9% to 24.7 MMT in FY 2024-25 from 24 MMT in FY 2023-24. During the same period, lead concentrate production rose from 381 thousand tonne (THT) to 393 THT, with a 3.1% growth.

    In the non-ferrous metal sector, primary aluminium production in FY 2024-25 has broken the production record of FY 2023-24. Primary aluminium production increased from 41.6 lakh ton (LT) in FY 2023-24 to 42 LT during FY 2024-25. Refined copper production saw a robust growth of 12.6%, increasing from 5.09 LT in FY 2023-24 to 5.73 LT in FY 2024-25.

    India is the 2nd largest Aluminium producer, among top-10 producer in refined copper and 4th largest iron ore producer in the world. Continued growth in production of iron ore in the current financial year reflects the robust demand conditions in the user industry viz. steel. Coupled with growth in aluminium and copper, these growth trends point towards continued strong economic activity in user sectors such as energy, infrastructure, construction, automotive and machinery.

    ****

    Shuhaib T

    (Release ID: 2126960) Visitor Counter : 57

    MIL OSI Asia Pacific News –

  • MIL-OSI Economics: Money Market Operations as on May 03, 2025

    Source: Reserve Bank of India
    (Amount in ₹ crore, Rate in Per cent)
      Volume
    (One Leg)    		 Weighted
    Average Rate    		 Range
    A. Overnight Segment (I+II+III+IV) 15,299.26 5.55 4.01-5.95
         I. Call Money 1,879.60 5.55 5.25-5.95
         II. Triparty Repo 13,294.90 5.57 5.26-5.78
         III. Market Repo 124.76 4.24 4.01-4.51
         IV. Repo in Corporate Bond 0.00 – –
    B. Term Segment      
         I. Notice Money** 10.00 5.50 5.50-5.50
         II. Term Money@@ 0.00 – –
         III. Triparty Repo 0.00 – –
         IV. Market Repo 0.00 – –
         V. Repo in Corporate Bond 0.00 – –
      Auction Date Tenor (Days) Maturity Date Amount Current Rate /
    Cut off Rate
    C. Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF) & Standing Deposit Facility (SDF)
    I. Today’s Operations
    1. Fixed Rate          
    2. Variable Rate&          
      (I) Main Operation          
         (a) Repo          
         (b) Reverse Repo          
      (II) Fine Tuning Operations          
         (a) Repo          
         (b) Reverse Repo          
      (III) Long Term Operations^          
         (a) Repo          
         (b) Reverse Repo          
    3. MSF# Sat, 03/05/2025 1 Sun, 04/05/2025 26.00 6.25
      Sat, 03/05/2025 2 Mon, 05/05/2025 448.00 6.25
    4. SDFΔ# Sat, 03/05/2025 1 Sun, 04/05/2025 1,60,719.00 5.75
      Sat, 03/05/2025 2 Mon, 05/05/2025 10,337.00 5.75
    5. Net liquidity injected from today’s operations [injection (+)/absorption (-)]*       -1,70,582.00  
    II. Outstanding Operations
    1. Fixed Rate          
    2. Variable Rate&          
      (I) Main Operation          
         (a) Repo Fri, 02/05/2025 14 Fri, 16/05/2025 149.00 6.01
         (b) Reverse Repo          
      (II) Fine Tuning Operations          
         (a) Repo Fri, 02/05/2025 3 Mon, 05/05/2025 6,231.00 6.01
         (b) Reverse Repo          
      (III) Long Term Operations^          
         (a) Repo Thu, 17/04/2025 43 Fri, 30/05/2025 25,731.00 6.01
         (b) Reverse Repo          
    3. MSF# Fri, 02/05/2025 2 Sun, 04/05/2025 0.00 6.25
      Fri, 02/05/2025 3 Mon, 05/05/2025 55.00 6.25
    4. SDFΔ# Fri, 02/05/2025 2 Sun, 04/05/2025 0.00 5.75
      Fri, 02/05/2025 3 Mon, 05/05/2025 7,984.00 5.75
    D. Standing Liquidity Facility (SLF) Availed from RBI$       9,479.16  
    E. Net liquidity injected from outstanding operations [injection (+)/absorption (-)]*     33,661.16  
    F. Net liquidity injected (outstanding including today’s operations) [injection (+)/absorption (-)]*     -1,36,920.84  
    G. Cash Reserves Position of Scheduled Commercial Banks
         (i) Cash balances with RBI as on May 03, 2025 9,64,407.38  
         (ii) Average daily cash reserve requirement for the fortnight ending May 16, 2025 9,41,653.00  
    H. Government of India Surplus Cash Balance Reckoned for Auction as on¥ May 02, 2025 6,380.00  
    I. Net durable liquidity [surplus (+)/deficit (-)] as on April 18, 2025 2,02,749.00  
    @ Based on Reserve Bank of India (RBI) / Clearing Corporation of India Limited (CCIL).
    – Not Applicable / No Transaction.
    ** Relates to uncollateralized transactions of 2 to 14 days tenor.
    @@ Relates to uncollateralized transactions of 15 days to one year tenor.
    $ Includes refinance facilities extended by RBI.
    & As per the Press Release No. 2019-2020/1900 dated February 06, 2020.
    Δ As per the Press Release No. 2022-2023/41 dated April 08, 2022.
    * Net liquidity is calculated as Repo+MSF+SLF-Reverse Repo-SDF.
    ¥ As per the Press Release No. 2014-2015/1971 dated March 19, 2015.
    # As per the Press Release No. 2023-2024/1548 dated December 27, 2023.
    ^ As per the Press Release No. 2025-2026/91 dated April 11, 2025.
    Ajit Prasad          
    Deputy General Manager
    (Communications)    
    Press Release: 2025-2026/251

    MIL OSI Economics –

  • MIL-OSI Economics: Money Market Operations as on May 04, 2025

    Source: Reserve Bank of India
    (Amount in ₹ crore, Rate in Per cent)
      Volume
    (One Leg)    		 Weighted
    Average Rate    		 Range
    A. Overnight Segment (I+II+III+IV) 0.00 – –
         I. Call Money 0.00 – –
         II. Triparty Repo 0.00 – –
         III. Market Repo 0.00 – –
         IV. Repo in Corporate Bond 0.00 – –
    B. Term Segment      
         I. Notice Money** 0.00 – –
         II. Term Money@@ 0.00 – –
         III. Triparty Repo 0.00 – –
         IV. Market Repo 0.00 – –
         V. Repo in Corporate Bond 0.00 – –
      Auction Date Tenor (Days) Maturity Date Amount Current Rate /
    Cut off Rate
    C. Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF) & Standing Deposit Facility (SDF)
    I. Today’s Operations
    1. Fixed Rate          
    2. Variable Rate&          
      (I) Main Operation          
         (a) Repo          
         (b) Reverse Repo          
      (II) Fine Tuning Operations          
         (a) Repo          
         (b) Reverse Repo          
      (III) Long Term Operations^          
         (a) Repo          
         (b) Reverse Repo          
    3. MSF# Sun, 04/05/2025 1 Mon, 05/05/2025 29.00 6.25
    4. SDFΔ# Sun, 04/05/2025 1 Mon, 05/05/2025 1,62,216.00 5.75
    5. Net liquidity injected from today’s operations [injection (+)/absorption (-)]*       -1,62,187.00  
    II. Outstanding Operations
    1. Fixed Rate          
    2. Variable Rate&          
      (I) Main Operation          
         (a) Repo Fri, 02/05/2025 14 Fri, 16/05/2025 149.00 6.01
         (b) Reverse Repo          
      (II) Fine Tuning Operations          
         (a) Repo Fri, 02/05/2025 3 Mon, 05/05/2025 6,231.00 6.01
         (b) Reverse Repo          
      (III) Long Term Operations^          
         (a) Repo Thu, 17/04/2025 43 Fri, 30/05/2025 25,731.00 6.01
         (b) Reverse Repo          
    3. MSF# Sat, 03/05/2025 2 Mon, 05/05/2025 448.00 6.25
      Fri, 02/05/2025 3 Mon, 05/05/2025 55.00 6.25
    4. SDFΔ# Sat, 03/05/2025 2 Mon, 05/05/2025 10,337.00 5.75
      Fri, 02/05/2025 3 Mon, 05/05/2025 7,984.00 5.75
    D. Standing Liquidity Facility (SLF) Availed from RBI$       9,479.16  
    E. Net liquidity injected from outstanding operations [injection (+)/absorption (-)]*     23,772.16  
    F. Net liquidity injected (outstanding including today’s operations) [injection (+)/absorption (-)]*     -1,38,414.84  
    G. Cash Reserves Position of Scheduled Commercial Banks
         (i) Cash balances with RBI as on May 04, 2025 9,62,889.98  
         (ii) Average daily cash reserve requirement for the fortnight ending May 16, 2025 9,41,653.00  
    H. Government of India Surplus Cash Balance Reckoned for Auction as on¥ May 02, 2025 6,380.00  
    I. Net durable liquidity [surplus (+)/deficit (-)] as on April 18, 2025 2,02,749.00  
    @ Based on Reserve Bank of India (RBI) / Clearing Corporation of India Limited (CCIL).
    – Not Applicable / No Transaction.
    ** Relates to uncollateralized transactions of 2 to 14 days tenor.
    @@ Relates to uncollateralized transactions of 15 days to one year tenor.
    $ Includes refinance facilities extended by RBI.
    & As per the Press Release No. 2019-2020/1900 dated February 06, 2020.
    Δ As per the Press Release No. 2022-2023/41 dated April 08, 2022.
    * Net liquidity is calculated as Repo+MSF+SLF-Reverse Repo-SDF.
    ¥ As per the Press Release No. 2014-2015/1971 dated March 19, 2015.
    # As per the Press Release No. 2023-2024/1548 dated December 27, 2023.
    ^ As per the Press Release No. 2025-2026/91 dated April 11, 2025.
    Ajit Prasad          
    Deputy General Manager
    (Communications)    
    Press Release: 2025-2026/252

    MIL OSI Economics –

  • MIL-OSI Russia: Polytechnic University hosted an educational online forum for future masters

    Translation. Region: Russian Federal

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

    The Peter the Great St. Petersburg Polytechnic University held an online educational forum for future masters, attended by students from all over Russia. The event was traditionally organized by the SPbPU Applicant Work Center.

    The forum was held online for the fifth time, which allowed to attract participants from different regions of the country. More than 500 applications were received, and 470 people successfully completed the program. Students were able to listen to lectures, ask questions and get advice on further education and career.

    Leonid Potapov, Head of the ITAT Training System Development Program of the Gazprom Neft Information Technology, Automation and Telecommunications Department, spoke at the opening of the forum. He spoke about the development of IT competencies in modern business and shared the company’s view on the training of young specialists.

    The forum program covered key areas of training at the Polytechnic University — from high-tech engineering specialties and applied biotechnology to economics, management, and the humanities. Participants not only learned about modern challenges in their fields, but also had the opportunity to gain a deeper understanding of the nuances of future professions. Various master classes and interactive sessions were organized for this purpose.

    Particular attention was paid to preparing for the portfolio competition, one of the tools for admission to the Polytechnic University Master’s program. Thanks to it, applicants’ achievements are taken into account during admission: participation in forums, publications, research activities, professional experience, etc. The points scored can significantly increase the chances of admission to the chosen educational program. Participation in the forum and successful completion of tasks provide an opportunity to receive additional points for the portfolio.

    We strive to create the most comfortable conditions for students to make a conscious choice of their educational trajectory. The success of applicants in their professional career depends on how carefully they approach the choice of a master’s program. The forum helps future master’s students better understand what area they want to develop in and what direction to build their career in, – noted the project manager, leading analyst of the Directorate of Continuing Education and Industry Partnership Natalia Ivanova.

    Over the course of four intense days, participants worked with theoretical materials, analyzed real cases, and learned practical solutions from industry experts. Students learned to identify errors, develop recommendations, and offer their own options for project development. This practical focus significantly increased the level of involvement of participants and prepared them for the possible challenges that await them on their professional path.

    Following the forum, 238 participants became winners of the competition tasks and will receive an additional 45 points when entering the Polytechnic University Master’s program.

    The forum turned out to be an excellent opportunity to get acquainted with current trends in various industries and understand which competencies are most in demand today. Practical tasks for solving a case were especially useful and exciting for me, since they gave the opportunity to immediately apply the acquired knowledge in practice, – noted forum participant Maria Korchevnyuk.

    The forum became not only an important stage in the preparation of future masters, but also a platform for the exchange of experience and ideas, which will undoubtedly serve as the basis for the further professional growth of its participants.

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

    MIL OSI Russia News –

  • MIL-OSI United Nations: 5 May 2025 Departmental update WHO launches new learning catalogue to upskill regulatory workforce

    Source: World Health Organisation

    The World Health Organization (WHO) Regulation and Prequalification Department is launching a comprehensive learning resource, the Health Products Regulation and Prequalification Learning Catalogue, to help countries build stronger systems for overseeing the safety, quality and effectiveness of health products. These products include medicines, vaccines, medical devices and other technologies essential for diagnosing, treating and preventing disease.

    Effective regulatory systems are the backbone of well-functioning health systems. They play a key role in improving public health outcomes and helping to achieve universal health coverage, the goal that everyone, everywhere, should be able to get the health services and products they need without financial hardship.

    However, recent WHO data show that only about 30% of Member States currently have a well-functioning regulatory system, classified as reaching an advanced level of performance, known as maturity level 3 or 4. This means that in many countries, especially low- and middle-income countries (LMICs), there are serious gaps in how health products are regulated.

    A major challenge in LMICs is the shortage of a qualified regulatory workforce. This gap is driven by factors such as workforce shortages, staff retention issues and inadequate technical training. At the same time, the rapid pace of innovation in health technologies and the globalization of medical product supply further underscore the need for continuous development of the regulatory workforce. 

    In response to this challenge, the WHO Regulation and Prequalification Department (RPQ) has designed and implemented a wide range of learning opportunities for regulatory professionals. These include up to 52 self-paced e-learning courses, instructor-led training sessions and on-the-job training experiences. The courses cover various regulatory functions and health products and are available in multiple languages to ensure accessibility for professionals around the world.

    To improve access to these resources, the newly launched Catalogue will serve as a centralized platform, making all RPQ learning opportunities easily accessible and searchable for target audiences. For example, regulatory inspectors can explore a rich and diverse selection of training options designed to support them throughout their careers, from flexible e-learning modules (2 available) to expert-led classroom sessions (4 available) and immersive on-the-job experiences (2 available) that bring learning directly into real-world settings.

    Looking ahead, the WHO Academy and its learning platform will enable the development of even more advanced learning solutions, in collaboration with a broad network of partner institutions. It will provide free access to a comprehensive catalogue of accredited, multilingual and competency-based courses. Designed to be engaging and tailored to the diverse needs of the global regulatory workforce, these learning opportunities will help professionals strengthen their skills at every stage of their careers.

    This initiative reflects WHO’s broader commitment to strengthening regulatory systems and ensuring that people everywhere have equitable access to health products that are safe, effective, high-quality and affordable.

    MIL OSI United Nations News –

  • MIL-OSI China: Buffett, Cook stress dangers of new US tariff policy

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

    Billionaire investor Warren Buffett and Apple CEO Tim Cook have joined a chorus of business leaders warning against Washington’s tariff-driven trade policies, highlighting that they are inflating costs for companies in the United States and harming economic growth.

    Their remarks show that even large corporations with diversified supply chains, like Apple, are feeling the strain, while smaller US enterprises reliant on imports face bigger risks, industry experts said.

    “Trade should not be a weapon,” Buffett, the chairman and CEO of Berkshire Hathaway, told the company’s annual shareholders meeting on Saturday in Omaha, Nebraska.

    “It’s a big mistake, in my view, when you have seven and a half billion people that don’t like you very well, and you got 300 million that are crowing in some way about how well they’ve done — I don’t think it’s right, and I don’t think it’s wise,” said Buffett.

    He said tariffs had “led to bad things”.

    “Just the attitudes it’s brought out. In the US, I mean, we should be looking to trade with the rest of the world and we should do what we do best and they should do what they do best,” Buffett said.

    He emphasized that US prosperity hinges on global economic health.

    “I do think that the more prosperous the rest of the world becomes, it won’t be at our expense, the more prosperous we’ll become, and the safer we’ll feel and your children will feel someday,” he added.

    The remarks followed data showing that the US economy contracted for the first time in three years, swamped by a flood of imports as businesses raced to avoid higher costs from tariffs.

    The US GDP decreased at an annualized rate of 0.3 percent in the first quarter of 2025 compared with the preceding quarter, marking the first decline in three years, said Reuters, quoting a report from the US Commerce Department.

    Cook from Apple revealed on Thursday that tariffs could add $900 million to the US tech company’s costs this quarter.

    “Assuming the current global tariff rates, policies, and applications do not change for the balance of the quarter and no new tariffs are added, we estimate the impact to add $900 million to our costs,” he told a quarterly earnings call.

    About 90 percent of Apple’s iPhone, its most profitable product, is produced in China, according to estimates by the Los Angeles-based financial services firm Wedbush Securities.

    Bai Ming, a researcher at the Chinese Academy of International Trade and Economic Cooperation in Beijing, said the “America First” approach has backfired, with tariffs raising input costs for manufacturers, squeezing consumer prices, and eroding business confidence.

    “The tariffs hit the US companies very hard. It is ultimately American consumers that pay the extra bill,” Bai added.

    Jeffrey Sachs, a world-renowned professor of economics and director of the Center for Sustainable Development at Columbia University, told China Daily that Washington’s tariff policy is “destructive for the United States and disruptive for the world”.

    “Protectionism will fail and increasingly isolate the US in the world economy and politics. There are few countries that will accept Trump’s approach, even in Europe,” Sachs added.

    MIL OSI China News –

  • MIL-OSI: Municipality Finance issues a GBP 50 million tap under its MTN programme

    Source: GlobeNewswire (MIL-OSI)

    Municipality Finance Plc
    Stock exchange release
    5 May 2025 at 10:00 am (EEST)

    Municipality Finance issues a GBP 50 million tap under its MTN programme

    On 6 May 2025 Municipality Finance Plc issues a new tranche in an amount of GBP 50 million to an existing benchmark issued on 7 March 2024. With the new tranche, the aggregate nominal amount of the benchmark is GBP 550 million. The maturity date of the benchmark is 2 October 2028. The benchmark bears interest at a fixed rate of 4.375 % per annum.

    The new tranche is issued under MuniFin’s EUR 50 billion programme for the issuance of debt instruments. The offering circular, the supplemental offering circular and final terms of the notes are available in English on the company’s website at https://www.kuntarahoitus.fi/en/for-investors.

    MuniFin has applied for the new tranche to be admitted to trading on the Helsinki Stock Exchange maintained by Nasdaq Helsinki. The public trading is expected to commence on 6 May 2025. The existing notes in the series are admitted to trading on the Helsinki Stock Exchange.

    UBS Europe SE acts as the Dealer for the issue of the new tranche.

    MUNICIPALITY FINANCE PLC

    Further information:

    Joakim Holmström
    Executive Vice President, Capital Markets and Sustainability
    tel. +358 50 444 3638

    MuniFin (Municipality Finance Plc) is one of Finland’s largest credit institutions. The owners of the company include Finnish municipalities, the public sector pension fund Keva and the State of Finland.
    The Group’s balance sheet is over EUR 53 billion.

    MuniFin builds a better and more sustainable future with its customers. Our customers include municipalities, joint municipal authorities, wellbeing services counties, joint county authorities, corporate entities under the control of the above-mentioned organisations, and affordable social housing. Lending is used for environmentally and socially responsible investment targets such as public transportation, sustainable buildings, hospitals and healthcare centres, schools and day care centres, and homes for people with special needs.

    MuniFin’s customers are domestic but the company operates in a completely global business environment. The company is an active Finnish bond issuer in international capital markets and the first Finnish green and social bond issuer. The funding is exclusively guaranteed by the Municipal Guarantee Board.

    Read more: https://www.kuntarahoitus.fi/en/

    Important Information

    The information contained herein is not for release, publication or distribution, in whole or in part, directly or indirectly, in or into any such country or jurisdiction or otherwise in such circumstances in which the release, publication or distribution would be unlawful. The information contained herein does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, any securities or other financial instruments in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any such jurisdiction.

    This communication does not constitute an offer of securities for sale in the United States. The notes have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”) or under the applicable securities laws of any state of the United States and may not be offered or sold, directly or indirectly, within the United States or to, or for the account or benefit of, U.S. persons except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act.

    The MIL Network –

  • MIL-OSI Russia: Exclusive: Russia and China continue to coordinate positions on all global issues – Director of IKS RAS K. Babaev

    Translation. Region: Russian Federal

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

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

    Moscow, May 5 /Xinhua/ — In today’s turbulent international situation, it is necessary to show that Russia and China continue to coordinate their positions on all global issues, said Kirill Babaev, director of the Institute of China and Modern Asia at the Russian Academy of Sciences. He commented to Xinhua on the upcoming visit of Chinese President Xi Jinping to Russia to celebrate the 80th anniversary of Victory in the Great Patriotic War.

    “The relationship between the leaders of Russia and China is the basis, the foundation for our bilateral relations. And today, the relations between our countries continue to strengthen and develop dynamically. This, of course, is primarily the merit of our leaders, who set specific goals, set long-term tasks for cooperation in the field of economics, for strategic cooperation, for coordinating the foreign policy of our countries. Therefore, I believe that this is the most important element,” noted K. Babayev.

    “It is very important to show our overseas partners that Russia and China continue to coordinate their foreign policies, remain close, and take a unified position on the international arena on all global issues,” he said.

    “This is our common Victory. Russia and China made the maximum, the greatest contribution to the victory over fascism and Japanese militarism. Russia – in Europe, China – in Asia. Their sacrifices, their efforts were maximum,” emphasized K. Babayev.

    He added that today no one disputes that “the victory over fascism and Japanese militarism was the most important achievement of humanity in the 21st century. And that Russia and China played a vital role in this.”

    According to K. Babayev, this is the common memory of the peoples of Russia and China. “We need to show all of humanity that, firstly, we honor the memory of millions of our citizens who died. And secondly, that we still understand that today peace can only be achieved together, through common efforts and on terms that will be mutually beneficial for everyone,” he concluded. –0–

    MIL OSI Russia News –

  • MIL-OSI: Oma Savings Bank Plc’s Interim Report 1.1.-31.3.2025: High costs and declining market interest rates weighed on the result, work to strengthen OmaSp continues

    Source: GlobeNewswire (MIL-OSI)

    OMA SAVINGS BANK PLC, STOCK EXCHANGE RELEASE 5 MAY 2025 AT 9.45 A.M. EET, INTERIM REPORT Q1

    Oma Savings Bank Plc’s Interim Report 1.1.-31.3.2025: High costs and declining market interest rates weighed on the result, work to strengthen OmaSp continues

    This release is a summary of Oma Savings Bank’s (OmaSp) January-March 2025 Interim Report, which can be read from the pdf file attached to this stock exchange release and on the Company’s web pages www.omasp.fi

    CEO Karri Alameri: High costs and declining market interest rates weighed on the result, work to strengthen OmaSp continues

    ”I had the honour of starting as the CEO of Oma Savings Bank at the end of March. In recent weeks, I have engaged with the bank’s personnel, customers, and stakeholders across Finland. These discussions have underscored OmaSp’s strong customer relationships, employee commitment, as well as comprehensive range of services, and personalised service model. These elements provide a solid foundation for OmaSp’s next phase. It is clear that we must continue refining our policies and evolving our ways of working. Trust in the Company is rebuilt through actions.

    The comparable profit before taxes for the first quarter was EUR 4.6 million and the comparable cost/income ratio of 54.4%. Profit and profitability were burdened by increased operating and personnel expenses, as well as lower net interest income due to declining market interest rates.

    The increase in costs is primarily attributed to the implementation of the risk management action plan (the “Noste”) initiated in summer 2024. The final investments in the project were made as planned in the first quarter, and new operating models are being integrated into daily operations. Total investments in the Noste project reached EUR 9.1 million over its duration. What is more, we continue to act on the findings of the supervisory assessment.

    Net interest income decreased by 18.3% compared to the comparison period, totalling EUR 46.9 million. The decline is due to fallen market interest rates. The volumes transferred from Handelsbanken have contributed to the development of net interest income as market interest rates have declined.

    Fee and commission income and expenses (net) remained nearly at the level of the comparison period, amounting to EUR 14.7 million.

    The mortgage loan portfolio increased by 3.0%, the corporate loan portfolio by 0.4%, and the deposit base by 2.7% from the level of the previous year.

    Impairment losses on financial assets totalled EUR -22.3 million in January–March. Approximately one-third was related to the update of the calculation model for expected credit losses (ECL), another third to increased allowances in the portfolio, which is being wound down in a controlled manner, and the remaining third to other impairment losses on the loan portfolio due to the general uncertain economic situation.

    Additionally, a provision of EUR 3.0 million was made for the first quarter to prepare for potential sanctions from the Finnish Financial Supervisory Authority (FIN-FSA) due to deficiencies identified in the final inspection report on the prevention of money laundering and terrorist financing. The FIN-FSA’s audit covered the period prior to December 2023. Measures to rectify the deficiencies were initiated while the audit was underway last year.

    Customer and employee satisfaction at an excellent level

    Following the Handelsbanken acquisition, we gained 10,000 new customers last autumn, and the integration has progressed smoothly. We have 48 branches covering all key growth and regional centres in Finland. In January–March, approximately 800 new customer relationships were established organically per month. OmaSp has a strong customer base of over 200,000. We are committed to offering services to households and SMEs across our network.

    Our customer and employee surveys indicated that satisfaction has remained at the excellent level of previous years. I want to extend my gratitude to our personnel for their exemplary work. Committed and motivated personnel are crucial to OmaSp’s future success.

    OmaSp’s financial position is stable, with a good solvency and liquidity position. The total capital (TC) ratio further strengthened to 17.7% at the end of March. The accumulated equity exceeds EUR 583 million.

    I look to the future with confidence. We will continue to develop our operations, invest in our core business, and strengthen the customer experience for both existing and new customers. Our strategy aims for profitable growth.”

    January–March 2025

    • In January–March, net interest income decreased by 18.3% compared with the same period last year. Net interest income totalled EUR 46.9 (57.4) million.
    • Mortgage portfolio increased by 3.0% during the previous 12 months. Corporate loan portfolio increased by 0.4% during the previous 12 months.
    • Deposit base increased by 2.7% over the past 12 months.
    • From January to March, fee and commission income and expenses (net) decreased mainly due to lower lending commissions compared to the comparison period, 2.6%.
    • From January to March, total operating income decreased by 18.9% compared to the comparison period. In the first quarter, comparable total operating income decreased by 19.8% and was EUR 59.5 (74.3) million.
    • From January to March, total operating expenses grew in total by 31.9%. The growth is mainly explained by the costs of the Company’s ongoing extensive risk management development projects, the authority processes and the promotion of a controlled winding down plan related to the non-compliance with the guidelines. In addition, the number of personnel increased compared to the comparison period due to business arrangements, the opening of new branches and the strengthening of the risk management processes. Other operating expenses were in total EUR 22.2 (16.4) million, of which the development costs of the risk management action plan and investigation costs amounted to EUR 5.3 million.
    • Comparable total operating expenses grew by 27.9% in the first quarter and were EUR 32.2 (25.2) million. Of this amount the risk management action plan (the ”Noste”) amounted to EUR 3.3 million. The measures implemented in the first quarter completed the action plan initiated in the summer of 2024.
    • For January-March, the impairment losses on financial assets were in total EUR -22.3 (-23.1) million. During the reporting period, the Company updated the calculation model for expected credit losses (ECL) as part of a larger operational programme and development of risk control. The total impact of the updated model increased the ECL by approximately EUR 8.5 million. In addition, the amount of impairment losses was impacted by an increase in allowances in the controlled winding down of the portfolio, which had an impact of approximately EUR 5.7 million. In other credit portfolio, impairment losses amounted to approximately EUR 8.1 million, and the development was particularly affected by the overall economic uncertainty.
    • For January-March, profit before taxes was EUR 3.1 (24.7) million and comparable profit before taxes was EUR 4.6 (25.6) million.
    • In the first quarter, cost/income ratio was 57.4 (35.2)% and comparable cost/income ratio was 54.4 (34.1)%.
    • In the first quarter, comparable return on equity (ROE) was 2.5 (15.5)%.
    • Total capital (TC) ratio was 17.7 (15.6)%.
    The Group’s key figures (1,000 euros) 1–3/2025 1–3/2024 Δ % 1–12/2024
    Net interest income 46,880 57,369 -18 % 213,097
    Fee and commission income and expenses, net 12,439 12,766 -3 % 50,745
    Total operating income 60,074 74,080 -19 % 270,068
    Total operating expenses -34,240 -25,958 32 % -111,004
    Impairment losses and financial assets, net -22,322 -23,112 -3% -83,379
    Profit before taxes 3,111 24,668 -87% 74,589
    Cost/income ratio, % 57.4% 35.2% 63% 41.3%
    Balance sheet total 7,517,814 7,531,291 0% 7,709,090
    Equity 583 026 527 426 11% 576,143
    Return on assets, ROA % 0.1 % 1.0 % -88 % 0.8%
    Return on equity, ROE % 1.7 % 14.9 % -89% 10.7%
    Earnings per share (EPS), EUR 0.07 0.60 -88% 1.80
    Total capital (TC), % 17.7% 16.9% 5% 15.6%
    Common equity Tier 1 (CET1), capital ratio % 16.5% 15.4% 8% 14.4%
    Comparable profit before taxes 4,617 25,626 -82% 86,656
    Comparable cost/incme ratio, % 54.4% 34.1% 60% 37.8%
    Comparable return on equity, ROE % 2.5% 15.5% -84% 12.4%


    Outlook for the financial year 2025 adjusted

    OmaSp updated its expected credit loss (ECL) calculation model in the first quarter and made a provision to prepare for possible sanctions following the final inspection report from the FIN-FSA on anti-money laundering and terrorist financing. These had a total one-off impact of approximately EUR -11 million on the results. Overall economic uncertainly has further increased. Therefore, OmaSp maintains its earnings guidance on the Group’s comparable profit before taxes to be EUR 65–80 million for the financial year 2025, with a clarification that the figure is expected to be below the mid-point of the range.

    Business outlook and earnings guidance are as follows:

    The outlook for the Company’s business for the financial year 2025 is affected by the decline in market interest rates and the continued high level of costs due to IT investments and system improvements required by risk management and quality processes. In addition, the Company continues to invest in customer experience on different channels. The uncertainty of the operating environment and economic situation affects the development of balance sheet items and comparable profit for the financial year 2025.

    Oma Savings Bank Plc provides earnings guidance on comparable profit before taxes for 2025. Earnings guidance is based on the forecast for the entire year, which takes into account the current market and business situation. Forecasts are based on the management’s insight into the Group’s business development.

    We estimate the Group’s comparable profit before taxes to be EUR 65–80 million for the financial year 2025, with a clarification that the figure is expected to be below the mid-point of the range (comparable profit before taxes was EUR 86.7 million in the financial year 2024).

    Oma Savings Bank Plc

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

    DISTRIBUTION: 
    Nasdaq Helsinki Ltd
    Major media
    www.omasp.fi

    OmaSp is a solvent and profitable Finnish bank. About 500 professionals provide nationwide services through OmaSp’s 48 branch offices and digital service channels to over 200,000 private and corporate customers. OmaSp focuses primarily on retail banking operations and provides its clients with a broad range of banking services both through its own balance sheet as well as by acting as an intermediary for its partners’ products. The intermediated products include credit, investment and loan insurance products. OmaSp is also engaged in mortgage banking operations.

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

    Attachment

    The MIL Network –