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  • MIL-OSI: QNB Corp. Reports Earnings for Third Quarter 2024

    Source: GlobeNewswire (MIL-OSI)

    QUAKERTOWN, Pa., Oct. 22, 2024 (GLOBE NEWSWIRE) — QNB Corp. (the “Company” or “QNB”) (OTC Bulletin Board: QNBC), the parent company of QNB Bank (the “Bank”), reported net income for the third quarter of 2024 of $3,338,000, or $0.91 per share on a diluted basis. This compares to net income of $2,344,000, or $0.65 per share on a diluted basis, for the same period in 2023. For the nine months ended September 30, 2024, QNB reported net income of $8,397,000, or $2.29 per share on a diluted basis. This compares to net income of $8,349,000, or $2.32 per share on a diluted basis, reported for the same period in 2023.

    For the third quarter of 2024, the annualized rate of return on average assets and average shareholders’ equity was 0.72% and 8.13%, respectively, compared with 0.52% and 5.88%, respectively, for the third quarter 2023. 

    The operating performance of the Bank, a wholly-owned subsidiary of QNB Corp., improved for the quarter ended September 30, 2024, in comparison with the same period in 2023, due primarily to improvement in the interest margin causing a $1,182,000 increase in net interest income, decreased provision for credit losses on loans and unfunded commitments of $300,000 and a decrease in non-interest expense of $37,000; this was partly offset by a decrease in non-interest income of $96,000. The change in contribution from QNB Corp. for the quarter ended September 30, 2024, compared with the same period in 2023, is primarily due to more gains on sales from the equities portfolio and less unrealized losses on the equity portfolio; partly offset by interest expense on subordinated debt held at the holding company.

    The following table presents disaggregated net income (loss):

      Three months ended,           Nine months ended,        
      9/30/2024     9/30/2023     Variance     9/30/2024     9/30/2023     Variance  
    QNB Bank $ 3,394,000     $ 2,334,000     $ 1,060,000     $ 8,466,000     $ 8,568,000     $ (102,000 )
    QNB Corp   (56,000 )     10,000       (66,000 )     (69,000 )     (219,000 )     150,000  
    Consolidated net income $ 3,338,000     $ 2,344,000     $ 994,000     $ 8,397,000     $ 8,349,000     $ 48,000  
     

    Total assets as of September 30, 2024 were $1,841,563,000 compared with $1,706,318,000 at December 31, 2023. Total available-for-sale debt securities increased $19,855,000, or 7.9%, to $510,036,000, primarily due to purchases of higher-yielding securities partly offset be the sales of lower-yielding securities and payments. Loans receivable increased $77,828,000, or 7.1%, to $1,171,361,000. Total deposits increased $137,571,000, or 9.2%, to $1,626,284,000. Short-term borrowing declined $71,176,000, or 75.6%. During the third quarter of 2024, the QNB Corp. issued $40,000,000 of subordinated debt; the carrying value net of deferred costs was $39,030,000 at September 30, 2024.

    “We continue to experience strong growth in customer loan and deposit balances, which has led to improvement in our net interest income and margin. Growth combined with solid liquidity and good asset quality, has our franchise positioned for positive momentum,” stated David W. Freeman, President and Chief Executive Officer. Freeman continued, “Our successful Sub-Debt issuance has further strengthened our Capital position and will enable continued growth in the future. I am optimistic that we are well positioned to capitalize on the foundation we have built.”

    Net Interest Income and Net Interest Margin

    Net interest income for the quarter ended September 30, 2024 totaled $11,127,000, an increase of $914,000, from the same period in 2023. Net interest margin was 2.48% for the third quarter of 2024 and 2.38% for the same period in 2023. Net interest margin was 2.45% for the nine months ended September 30, 2024, compared with 2.40% for the same period in 2023.

    The yield on earning assets was 4.86% for the third quarter 2024, compared with 4.28% in the third quarter of 2023; an increase of 58 basis points. For the nine-month period ended September 30, 2024, the yield on earning assets was 4.71%, compared with 3.97% for the same period in 2023. The cost of interest-bearing liabilities was 2.90% for the quarter ended September 30, 2024, compared with 2.35% for the same period in 2023, an increase of 55 basis points. For the nine-month period ended September 30, 2024, the cost of interest-bearing liabilities was 2.77% compared with 1.96% for the same period in 2023.

    Proceeds from the growth in average deposits and proceeds from the issuance of subordinated debt and the sale and payments received on investment securities over the past year were invested in loans and other interest earning assets, and used to pay down short-term borrowings. Loan growth was primarily in commercial real estate, which comprised 45% of average earning assets in the third quarter of 2024 compared with 42% for the same period in 2023, and the increases in both rates and volume in commercial real estate loans majorly contributed to the 47 basis-point increase in the yield on loans. The decline in the available-for-sale portfolio was primarily in mortgage-backed securities, which comprised 19% of average earnings assets in the third quarter of 2024 compared with 23% for the same period in 2023. The 40-basis point increase in rate on investments was primarily due to the impact of the interest rate swaps entered into at the end of the second quarter of 2023, contributing to the increase in net interest margin. The 55 basis-point increase in the rate paid on deposits and the issuance of subordinated debt were the primary contributors to the increase in the cost of funds of 55 basis points.

    Asset Quality, Provision for Credit Losses on Loans and Allowance for Credit Losses

    QNB recorded $154,000 in provision for credit losses on loans in the third quarter of 2024 compared to $452,000 in provision in the third quarter of 2023. QNB’s allowance for credit losses on loans of $8,987,000 represents 0.77% of loans receivable at September 30, 2024, compared to $8,852,000, or 0.81% of loans receivable at December 31, 2023. Net loan charge-offs were $25,000 for the quarter ended September 30, 2024, compared with $275,000 for the same period in 2023. Annualized net loan charge-offs for the quarter ended September 30, 2024 were 0.01% and 0.10% for the quarter ended September 30, 2023, of average loans receivable, respectively. Net loan charge-offs were $58,000 for the nine months ended September 30, 2024, compared with recoveries of $219,000 for the same period in 2023 were primarily due to two large commercial customers. Annualized net loan charge-offs for the nine months ended September 30, 2024 were 0.01% compared to annualized net recoveries of 0.03% for the same period in 2023, of average loans receivable, respectively.

    Total non-performing loans, which represent loans on non-accrual status and loans past due 90 days or more and still accruing interest, were $1,696,000, or 0.14% of loans receivable at September 30, 2024, compared with $1,940,000, or 0.18% of loans receivable at December 31, 2023. In cases where there is a collateral shortfall on non-accrual loans, specific reserves have been established based on updated collateral values even if the borrower continues to pay in accordance with the terms of the agreement. At September 30, 2024, $1,021,000, or approximately 60% of the loans classified as non-accrual, are current or past due less than 30 days. Commercial loans classified as substandard or doubtful loans totaled $26,883,000 at September 30, 2024, compared with $11,747,000 at December 31, 2023; these were comprised primarily of commercial real estate loans.

    Non-Interest Income

    Total non-interest income was $1,967,000 for the third quarter of 2024 compared with $1,755,000 for the same period in 2023. There was a net realized gain of $224,000 on the sale of investments for the quarter ended September 30, 2024 compared to a net gain of $131,000 on the sales of securities in the same period in 2023. Unrealized net gain on investment equity securities was $143,000 for the quarter ended September 30, 2024 compared to a net loss of $138,000 for the same period in 2023. During the third quarter of 2024 the Bank sold lower yielding securities to better position its net interest margin.

    Fees for service to customers increased $48,000 for the quarter ended September 30, 2024, as overdraft fees decreased $16,000 and other deposit-related fees increased $32,000. Retail brokerage and advisory income decreased $80,000 to $139,000 for the same period, due to a decrease in customer balances following employee turnover. Other non-interest income decreased $151,000 for the same period due to a sales tax refund of $115,000 received in 2023 and a decline in merchant fee income of $16,000 due to value.

    For the nine months ended September 30, 2024, non-interest income was $5,268,000 an increase of $714,000 compared to the same period in 2023, primarily due to the change in fair value of the equities portfolio of $1,783,000. QNB completed the exchange offer to convert the Bank’s Visa B-1 shares to B-2 and C shares in the second quarter of 2024; the fair value of the Visa C shares was a gain of $1,419,000 at September 30, 2024. Realized loss on sale of securities was $495,000, a decline of $680,000 for the nine months ended September 30, 2024, compared with the same period in 2023. Net gain on sale of loans increased $27,000 when comparing the nine months ended September 30, 2024 with the same period in 2023. Increases in non-interest income for the nine months ended September 30, 2024 compared to the same period in 2023 comprise: fees for services to customers which increased $79,000. Decreases in non-interest income comprised: ATM and debit card fees, retail brokerage and advisory income, and other which decreased $16,000, $297,000 and $182,000, respectively. Other non-interest income decreased the $182,000 due primarily to a sales tax refund of $115,000 received in 2023, losses on disposals of furniture and equipment, mortgage servicing fees and letter of credit fees.

    Non-Interest Expense

    Total non-interest expense was $8,636,000 for the third quarter of 2024 compared with $8,671,000 for the same period in 2023. Salaries and benefits expense decreased $321,000, or 6.5%, to $4,650,000 when comparing the two quarters. Salary expense and related payroll taxes increased $77,000, or 1.9%, to $4,209,000 during the third quarter of 2024 compared to the same period in 2023. Benefits expense decreased $400,000, or 81.1%, when comparing the two periods primarily due to a reduction in medical costs and stop-loss reimbursements.

    Net occupancy and furniture and equipment expense increased $27,000, or 1.8%, to $1,531,000 for the third quarter of 2024 primarily due to software maintenance costs partly offset by a reduction in repairs and maintenance. Other non-interest expense increased $259,000, or 11.8%, when comparing third quarter of 2024 with the same period in 2023 due to an increase in Bank shares tax of $89,000, due to the timing of tax credits received, an increase of $50,000 in debit card expense, an increase in FDIC insurance of $67,000, an increase in third-party services of $69,000, and an increase in write-offs due to fraud on customer accounts of $44,000, partly offset by decreases in director fees of $16,000, a decrease in marketing expense of $19,000 and a reduction loan-related costs of $23,000.

    For the nine months ended September 30, 2024, non-interest expense was $26,403,000, an increase of $1,040,000, or 4.1%, compared to the same period in 2023.

    Income Taxes

    Provision for income taxes increased $467,000 to $961,000 in the third quarter of 2024 due to increased pre-tax income, compared with the same period in 2023. The effective tax rates for the quarter ended September 30, 2024 was 22.4% compared with 17.4% for the same period in 2023. The effective tax rates for the nine months ended September 30, 2024 was 20.5% compared with 18.9% for the same period in 2023. 

    About the Company

    QNB Corp. is the holding company for QNB Bank, which is headquartered in Quakertown, Pennsylvania. QNB Bank currently operates twelve branches in Bucks, Lehigh and Montgomery Counties and offers commercial and retail banking services in the communities it serves. In addition, the Company provides securities and advisory services under the name of QNB Financial Services through a registered Broker/Dealer and Registered Investment Advisor, and title insurance as a member of Laurel Abstract Company LLC. More information about QNB Corp. and QNB Bank is available at QNBBank.com.

    Forward Looking Statement

    This press release may contain forward-looking statements as defined in the Private Securities Litigation Act of 1995. Actual results and trends could differ materially from those set forth in such statements due to various factors. Such factors include the possibility that increased demand or prices for the Company’s financial services and products may not occur, changing economic and competitive conditions, technological developments, and other risks and uncertainties, including those detailed in the Company’s filings with the Securities and Exchange Commission, including “Item lA. Risk Factors,” set forth in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2023. You should not place undue reliance on any forward-looking statements. These statements speak only as of the date of this press release, even if subsequently made available by the Company on its website or otherwise. The Company undertakes no obligation to update or revise these statements to reflect events or circumstances occurring after the date of this press release.

    QNB Corp.  
    Consolidated Selected Financial Data (unaudited)  
    (Dollars in thousands)                    
    Balance Sheet (Period End) 9/30/24   6/30/24   3/31/24   12/31/23   9/30/23  
    Assets $ 1,841,563   $ 1,761,487   $ 1,716,081   $ 1,706,318   $ 1,684,392  
    Cash and cash equivalents   104,232     76,909     50,963     62,657     55,141  
    Investment securities                    
    Debt securities, AFS   510,036     460,418     481,596     490,181     505,390  
    Equity securities   2,760     7,233     6,217     5,910     4,765  
    Loans held-for-sale   294     786     —     549     446  
    Loans receivable   1,171,361     1,162,310     1,122,616     1,093,533     1,060,450  
    Allowance for loan losses   (8,987 )   (8,858 )   (8,738 )   (8,852 )   (8,542 )
    Net loans   1,162,374     1,153,452     1,113,878     1,084,681     1,051,908  
    Deposits   1,626,284     1,572,839     1,536,188     1,488,713     1,483,333  
    Demand, non-interest bearing   190,240     190,333     188,260     185,098     192,226  
    Interest-bearing demand, money market and savings   1,055,409     1,003,813     990,451     988,634     1,000,921  
    Time   380,635     378,693     357,477     314,981     290,186  
    Short-term borrowings   22,918     49,066     55,088     94,094     96,703  
    Long-term debt   30,000     30,000     20,000     20,000     20,000  
    Subordinated debt   39,030     —     —     —     —  
    Shareholders’ equity   105,340     96,885     93,686     90,824     74,081  
                         
    Asset Quality Data (Period End)                    
    Non-accrual loans $ 1,696   $ 2,078   $ 2,001   $ 1,940   $ 1,893  
    Loans past due 90 days or more and still accruing   —     —     —     —     —  
    Non-performing loans   1,696     2,078     2,001     1,940     1,893  
    Other real estate owned and repossessed assets   —     —     —     —     —  
    Non-performing assets $ 1,696   $ 2,078   $ 2,001   $ 1,940   $ 1,893  
                         
    Allowance for credit losses on loans $ 8,987   $ 8,858   $ 8,738   $ 8,852   $ 8,542  
                         
    Non-performing loans / Loans excluding held-for-sale   0.14 %   0.18 %   0.18 %   0.18 %   0.18 %
    Non-performing assets / Assets   0.09 %   0.12 %   0.12 %   0.11 %   0.11 %
    Allowance for credit losses on loans / Loans excluding held-for-sale   0.77 %   0.76 %   0.78 %   0.81 %   0.81 %
    QNB Corp.
    Consolidated Selected Financial Data (unaudited)
    (Dollars in thousands, except per share data) Three months ended,   Nine months ended,
    For the period: 9/30/24 6/30/24 3/31/24 12/31/23 9/30/23   9/30/24 9/30/23
    Interest income $ 21,945   $ 20,345   $ 19,569   $ 19,257   $ 18,497     $ 61,859   $ 49,825  
    Interest expense   10,818     9,753     9,401     9,065     8,284       29,972     19,862  
    Net interest income   11,127     10,592     10,168     10,192     10,213       31,887     29,963  
    Provision for credit losses   159     114     (86 )   293     459       187     (1,137 )
    Net interest income after provision for credit losses   10,968     10,478     10,254     9,899     9,754       31,700     31,100  
    Non-interest income:                
    Fees for services to customers   469     427     420     414     421       1,316     1,237  
    ATM and debit card   691     705     636     687     685       2,032     2,048  
    Retail brokerage and advisory income   139     126     93     207     219       358     655  
    Net realized (loss) gain on investment securities   224     (1,096 )   377     (2,262 )   131       (495 )   185  
    Unrealized gain (loss) on equity securities   143     1,016     (30 )   904     (138 )     1,129     (654 )
    Net gain on sale of loans   19     (2 )   15     11     4       32     5  
    Other   282     289     325     322     433       896     1,078  
    Total non-interest income   1,967     1,465     1,836     283     1,755       5,268     4,554  
    Non-interest expense:                
    Salaries and employee benefits   4,650     5,038     4,974     4,717     4,971       14,662     14,309  
    Net occupancy and furniture and equipment   1,531     1,481     1,515     1,477     1,504       4,527     4,348  
    Other   2,455     2,415     2,344     2,552     2,196       7,214     6,706  
    Total non-interest expense   8,636     8,934     8,833     8,746     8,671       26,403     25,363  
    Income before income taxes   4,299     3,009     3,257     1,436     2,838       10,565     10,291  
    Provision for income taxes   961     544     663     302     494       2,168     1,942  
    Net income $ 3,338   $ 2,465   $ 2,594   $ 1,134   $ 2,344     $ 8,397   $ 8,349  
                     
    Share and Per Share Data:                
    Net income – basic $ 0.91   $ 0.67   $ 0.71   $ 0.31   $ 0.65     $ 2.29   $ 2.32  
    Net income – diluted $ 0.91   $ 0.67   $ 0.71   $ 0.31   $ 0.65     $ 2.29   $ 2.32  
    Book value $ 28.57   $ 26.34   $ 25.57   $ 24.86   $ 20.35     $ 28.57   $ 20.35  
    Cash dividends $ 0.37   $ 0.37   $ 0.37   $ 0.37   $ 0.37     $ 1.11   $ 1.11  
    Average common shares outstanding -basic   3,679,799     3,665,695     3,655,176     3,642,096     3,613,230       3,666,937     3,600,137  
    Average common shares outstanding -diluted   3,682,773     3,665,695     3,655,176     3,642,096     3,613,230       3,666,937     3,600,137  
    Selected Ratios:                
    Return on average assets   0.72 %   0.55 %   0.59 %   0.25 %   0.52 %     0.62 %   0.64 %
    Return on average shareholders’ equity   8.13 %   6.14 %   6.53 %   2.83 %   5.88 %     6.95 %   7.13 %
    Net interest margin (tax equivalent)   2.48 %   2.46 %   2.39 %   2.36 %   2.38 %     2.45 %   2.40 %
    Efficiency ratio (tax equivalent)   65.28 %   73.26 %   72.73 %   82.38 %   71.59 %     70.28 %   72.55 %
    Average shareholders’ equity to total average assets   8.80 %   8.97 %   8.98 %   8.93 %   8.91 %     8.92 %   9.01 %
    Net loan charge-offs (recoveries) $ 25   $ 12   $ 21   $ (19 ) $ 275     $ 58   $ (219 )
    Net loan charge-offs (recoveries) – annualized / Average loans excluding held-for-sale   0.01 %   0.00 %   0.01 %   -0.01 %   0.10 %     0.01 %   -0.03 %
    Balance Sheet (Average)                
    Assets $ 1,856,034   $ 1,798,040   $ 1,778,585   $ 1,779,627   $ 1,773,138     $ 1,811,051   $ 1,737,417  
    Investment securities (AFS & Equities)   552,323     569,135     578,615     604,292     624,423       566,638     636,498  
    Loans receivable   1,158,731     1,139,874     1,108,836     1,072,616     1,039,170       1,135,898     1,029,042  
    Deposits   1,600,925     1,542,661     1,497,692     1,490,244     1,488,632       1,547,290     1,443,816  
    Shareholders’ equity   163,274     161,340     159,739     158,987     158,063       161,458     156,499  
    QNB Corp. (Consolidated)  
    Average Balances, Rate, and Interest Income and Expense Summary (Tax-Equivalent Basis)  
                               
      Three Months Ended  
      September 30, 2024     September 30, 2023  
      Average   Average         Average   Average      
      Balance   Rate   Interest     Balance   Rate   Interest  
    Assets                          
    Investment securities:                          
    U.S. Treasury $ 12,811     4.94 % $ 159     $ 7,111     5.17 % $ 92  
    U.S. Government agencies   75,956     1.18     224       101,947     1.11     283  
    State and municipal   105,674     3.74     989       109,157     3.30     901  
    Mortgage-backed and CMOs   345,119     2.84     2,453       394,607     2.53     2,500  
    Corporate debt securities and mutual funds   8,804     5.97     131       6,648     4.40     73  
    Equities   3,959     4.61     46       4,953     4.70     59  
    Total investment securities   552,323     2.90     4,002       624,423     2.50     3,908  
    Loans:                          
    Commercial real estate   819,091     5.60     11,525       722,833     5.10     9,288  
    Residential real estate   110,760     4.21     1,165       107,332     3.81     1,022  
    Home equity loans   66,239     6.84     1,138       57,694     6.65     967  
    Commercial and industrial   140,980     7.61     2,696       128,601     7.23     2,343  
    Consumer loans   3,613     7.75     70       3,823     7.53     73  
    Tax-exempt loans   18,305     3.88     179       19,630     3.59     178  
    Total loans, net of unearned income*   1,158,988     5.76     16,773       1,039,913     5.29     13,871  
    Other earning assets   95,780     5.43     1,307       62,420     5.48     862  
    Total earning assets   1,807,091     4.86     22,082       1,726,756     4.28     18,641  
    Cash and due from banks   15,540               15,679          
    Allowance for loan losses   (8,860 )             (8,396 )        
    Other assets   42,263               39,099          
    Total assets $ 1,856,034             $ 1,773,138          
                               
    Liabilities and Shareholders’ Equity                          
    Interest-bearing deposits:                          
    Interest-bearing demand $ 356,763     1.00 %   898     $ 319,335     0.74 %   600  
    Municipals   154,619     4.69     1,823       157,391     4.63     1,837  
    Money market   238,494     3.56     2,132       201,277     3.01     1,527  
    Savings   278,247     1.28     896       325,567     1.27     1,038  
    Time < $100   178,228     4.12     1,846       128,884     2.92     947  
    Time $100 through $250   152,416     4.64     1,777       106,920     3.69     996  
    Time > $250   49,506     4.61     573       43,856     3.41     377  
    Total interest-bearing deposits   1,408,273     2.81     9,945       1,283,230     2.26     7,322  
    Short-term borrowings   34,078     2.18     186       95,568     3.07     740  
    Long-term debt   30,000     4.75     364       20,000     4.36     222  
    Subordinated debt   13,716     9.42     323       —     —     —  
    Total interest-bearing liabilities   1,486,067     2.90     10,818       1,398,798     2.35     8,284  
    Non-interest-bearing deposits   192,652               205,402          
    Other liabilities   14,041               10,875          
    Shareholders’ equity   163,274               158,063          
    Total liabilities and                          
    shareholders’ equity $ 1,856,034             $ 1,773,138          
    Net interest rate spread       1.96 %             1.93 %    
    Margin/net interest income       2.48 % $ 11,264           2.38 % $ 10,357  
    Tax-exempt securities and loans were adjusted to a tax-equivalent basis and are based on the Federal corporate tax rate of 21%  
    Non-accrual loans and investment securities are included in earning assets.  
    * Includes loans held-for-sale  
    QNB Corp. (Consolidated)  
    Average Balances, Rate, and Interest Income and Expense Summary (Tax-Equivalent Basis)  
                               
      Nine Months Ended  
      September 30, 2024     September 30, 2023  
      Average   Average         Average   Average      
      Balance   Rate   Interest     Balance   Rate   Interest  
    Assets                          
    Investment securities:                          
    U.S. Treasury $ 8,820     5.10 % $ 337     $ 3,618     4.97 % $ 134  
    U.S. Government agencies   81,800     1.17     718       101,945     1.11     849  
    State and municipal   107,237     3.56     2,860       109,877     2.64     2,173  
    Mortgage-backed and CMOs   355,878     2.72     7,262       405,979     1.96     5,971  
    Corporate debt securities and mutual funds   7,416     5.78     321       6,637     4.41     219  
    Equities   5,487     3.87     159       8,442     4.07     257  
    Total investment securities   566,638     2.74     11,657       636,498     2.01     9,603  
    Loans:                          
    Commercial real estate   798,714     5.47     32,701       700,375     4.79     25,091  
    Residential real estate   109,463     4.07     3,337       106,817     3.67     2,943  
    Home equity loans   64,700     6.83     3,307       57,317     6.44     2,762  
    Commercial and industrial   141,148     7.57     7,997       141,176     7.55     7,977  
    Consumer loans   3,679     7.78     214       3,942     7.15     211  
    Tax-exempt loans   18,410     3.86     532       19,984     3.53     527  
    Total loans, net of unearned income*   1,136,114     5.65     48,088       1,029,611     5.13     39,511  
    Other earning assets   61,999     5.45     2,530       27,195     5.67     1,153  
    Total earning assets   1,764,751     4.71     62,275       1,693,304     3.97     50,267  
    Cash and due from banks   13,880               14,046          
    Allowance for loan losses   (8,897 )             (8,871 )        
    Other assets   41,317               38,938          
    Total assets $ 1,811,051             $ 1,737,417          
                               
    Liabilities and Shareholders’ Equity                          
    Interest-bearing deposits:                          
    Interest-bearing demand $ 337,632     0.89 %   2,243     $ 314,012     0.52 %   1,227  
    Municipals   139,810     4.76     4,987       128,270     4.34     4,163  
    Money market   232,140     3.57     6,196       169,308     2.30     2,913  
    Savings   288,885     1.28     2,769       363,496     1.18     3,208  
    Time < $100   168,894     3.98     5,027       113,951     2.30     1,960  
    Time $100 through $250   141,156     4.53     4,790       104,697     3.42     2,676  
    Time > $250   50,855     4.49     1,709       36,590     2.80     767  
    Total interest-bearing deposits   1,359,372     2.72     27,721       1,230,324     1.84     16,914  
    Short-term borrowings   57,880     2.33     1,010       112,724     2.99     2,518  
    Long-term debt   26,058     4.63     918       14,267     3.98     430  
    Subordinated debt   4,605     9.35     323       —     —     —  
    Total interest-bearing liabilities   1,447,915     2.77     29,972       1,357,315     1.96     19,862  
    Non-interest-bearing deposits   187,918               213,492          
    Other liabilities   13,760               10,111          
    Shareholders’ equity   161,458               156,499          
    Total liabilities and                          
    shareholders’ equity $ 1,811,051             $ 1,737,417          
    Net interest rate spread       1.94 %             2.01 %    
    Margin/net interest income       2.45 % $ 32,303           2.40 % $ 30,405  
    Tax-exempt securities and loans were adjusted to a tax-equivalent basis and are based on the Federal corporate tax rate of 21%  
    Non-accrual loans and investment securities are included in earning assets.  
    * Includes loans held-for-sale                          

    The MIL Network –

  • MIL-OSI Submissions: Stats NZ information release: Household labour force survey estimated working-age population: September 2024 quarter

    Source: Statistics New Zealand

    Household labour force survey estimated working-age population: September 2024 quarter – information release – 2 October 2024 – The household labour force survey estimated working-age population table shows the population benchmarks used to produce household labour force survey estimates for the upcoming labour market statistics release.

    Visit Statistics NZ’s website to read this information release:

    MIL OSI –

  • MIL-OSI Submissions: Census results reflect Aotearoa New Zealand’s diversity – Stats NZ media and information release: 2023 Census population, dwelling, and housing highlights

    Source: Statistics New Zealand

    Census results reflect Aotearoa New Zealand’s diversity – media release – 3 October 2024 – Aotearoa New Zealand continues to become more culturally diverse, according to 2023 Census data released by Stats NZ today.

    The 2023 Census showed that people living in Aotearoa New Zealand identified with a wide range of ethnicities – and spoke over 150 languages. Additionally, while most of the population were born here, New Zealand was also home to people born in a diverse range of countries.

    “Just under 30 percent of New Zealanders were born overseas, and the census recorded well over 200 different birthplaces,” deputy government statistician and deputy chief executive insights and statistics Rachael Milicich said.

    “Pretty much every part of the world is represented here, from people born in Iceland in the north, to Argentina in the south.”

    Of the census usually resident population count, 3.5 million people were born in New Zealand and 1.4 million were born overseas.

    Visit Statistics NZ’s website to read this news story and information release:

    MIL OSI –

  • MIL-OSI Submissions: Home ownership increases and housing quality improves – Stats NZ media and information release: 2023 Census population, dwelling, and housing highlights

    Source: Statistics New Zealand

    Home ownership increases and housing quality improves – media release – 3 October 2024 – 2023 Census data shows home ownership has increased and housing quality has improved, according to statistics released by Stats NZ today.

    Around two-thirds of households in Aotearoa New Zealand (1,175,217 or 66.0 percent) now own their home or hold it in a family trust, compared with 64.5 percent in 2018.

    “This increase in home ownership, although small, is a reversal of the falling rates we have seen since home ownership peaked in the early 1990s,” Stats NZ principal analyst Rosemary Goodyear said.

    Visit Statistics NZ’s website to read this news story and information release:

    MIL OSI –

  • MIL-OSI Submissions: Stats NZ information release: International migration: August 2024

    Source: Statistics New Zealand

    International migration: August 2024 – information release – 11 October 2024 – Key facts. Annual migration – Provisional estimates for the August 2024 year compared with the August 2023 year were:

    • migrant arrivals: 188,100 (± 1,100), down 17 percent
    • migrant departures: 134,300 (± 1,000), up 37 percent
    • annual net migration: gain of 53,800 (± 1,500), compared with a net gain of 127,700 (± 300).

    The 134,300 migrant departures in the August 2024 year are, provisionally, the highest on record for an annual period.

    Annual migrant arrivals provisionally peaked at 236,200 in the year ended October 2023.

    Annual net migration provisionally peaked in the year ended October 2023, with a gain of 136,400.

    Visit Statistics NZ’s website to read this information release and to download CSV files:

     

    MIL OSI –

  • MIL-OSI Submissions: 2023 Census shows 1 in 20 adults belong to Aotearoa New Zealand’s LGBTIQ+ population – Stats NZ media and information release: 2023 Census population, dwelling, and housing highlights

    Source: Statistics New Zealand

    2023 Census shows 1 in 20 adults belong to Aotearoa New Zealand’s LGBTIQ+ population – media release – 3 October 2024 – Confidentialised data from the 2023 Census found that 172,383 people (4.9 percent of adults) belonged to the LGBTIQ+ (or Rainbow) population, according to data released by Stats NZ today.

    LGBTIQ+ includes people who are lesbian, gay, bisexual, transgender, non-binary, intersex, or have other minority genders or sexual identities.

    Gender, sex, and LGBTIQ+ concepts in the 2023 Census has further information. LGBTIQ+ status is derived for all usual residents aged 15 years and older who responded to the census.

    The 2023 Census was the first census to collect data from New Zealanders about their gender, sexual identity, and whether they have a variation of sex characteristics.

    “Census data is for everyone in Aotearoa New Zealand, so it is important that Rainbow communities can see themselves in the data for the first time. We thank those who have advocated for and contributed to the delivery of this data over the years,” deputy government statistician and deputy chief executive insights and statistics Rachael Milicich said.

    Visit Statistics NZ’s website to read this news story and information release:

    MIL OSI –

  • MIL-OSI Submissions: Stats NZ information release: Electronic card transactions: September 2024

    Source: Statistics New Zealand

    Electronic card transactions: September 2024 – information release – 14 October 2024 – The electronic card transactions (ECT) series cover debit, credit, and charge card transactions with New Zealand-based merchants. The series can be used to indicate changes in consumer spending and economic activity.

    Key facts
    All figures are seasonally adjusted unless otherwise specified.

    Values are at the national level and are not adjusted for price changes.

    September 2024 month
    Changes in the value of electronic card transactions for the September 2024 month (compared with August 2024) were:

    • spending in the retail industries was unchanged
    • spending in the core retail industries increased 0.3 percent ($19 million).

    Visit Statistics NZ’s website to read this information release and to download CSV files:

     

    MIL OSI –

  • MIL-OSI New Zealand: Health – New Zealand should heed UK concerns with physician associates, invest in growing workforce

    Source: General Practice Owners Association of Aotearoa New Zealand

    New Zealand should heed British concerns with physician associates and invest in growing the number of GPs, rather than spending time and money writing regulations to create a lesser role.

    “It’s telling that the British Medical Association (BMA) committee voted in favour of stopping hiring physician associates in general practice, and for existing roles to be phased out,” said Dr Angus Chambers, Chair of General Practice Owners Association of Aotearoa New Zealand.

    The British vote came on the same day that New Zealand doctors, nurses, practice owners and their professional bodies called on the government to pause regulation of physician associates to fill workplace shortages.

    “Similar concerns are being aired in Britain and New Zealand because physician associates are a distraction from focussing on the root problems in our primary health system – underfunding, which results in under resourcing due to insufficient retention and recruitment.

    That’s why GPs are retiring, general practices are closing, reducing their services, and exiting after-hours care. And that’s why patients are waiting weeks for appointments, can’t enrol with their local GP, and hospital emergency departments have long wait times.

    “Writing regulations to support the establishment of physician associates is a political diversion from tacking these fundamental problems.

    “GenPro doesn’t want to criticise the work of physician associates, many of whom contribute to general practice patient care, but is frustrated by the government’s willingness to support PA regulations when it is doing nothing to help fix the broken funding model impacting patient care in our communities.

    “GenPro supports a multi-disciplinary approach to patient care and recognises the crucial roles that different staff perform. This is not about job patch protection as some claim, but we are concerned at the government choosing to invest now in this nascent workforce, rather than in GPs, which are in crisis.

    “This short-term approach appeals because it gives the appearance of driving down costs, but is instead a diversion from the importance of supporting general practices, which contribute more in the long term through, for example, reducing demands on hospitals.
     
    “The government should focus on properly funding general practice so we can rebuild our depleted and over-stretched work force, rather than wasting time and money on regulating a new profession when there is a fit-for-purpose existing solution.

    “The government must as a matter of urgency increase its support of primary healthcare, overhaul the current out-of-date funding model, and help increase the supply of medical professionals into primary healthcare,” said Dr Chambers.

    GenPro, which represents about half of all general practices in Aotearoa, is ready to work with the Minister of Health and the Health NZ Commissioner to develop the solutions needed.

    MIL OSI New Zealand News –

  • MIL-OSI New Zealand: Environment – Arawhata wetland granted fast-track consent – EPA

    Source: Environmental Protection Authority

    An independent panel has granted resource consent, subject to conditions, to create and maintain a wetland in the Arawhata Stream catchment of Lake Horowhenua.
    Manawatū-Whanganui Regional Council applied for resource consent under the COVID-19 Recovery (Fast-track Consenting) Act 2020.
    The project includes restoration of previously drained natural wetlands on 119 hectares of land in the Arawhata Stream catchment of Lake Horowhenua. It is designed to filter phosphorus that is bound to sediment. It will also reduce the concentrations of nitrogen in the ground and surface water before it reaches the lake.
    The resource consent conditions are in the decision report on the page linked below.
    The decision comes 150 working days after the application was lodged with the Environmental Protection Authority.
    The Environmental Protection Authority is not involved in the decision-making. We provide procedural advice and administrative support to the panel convenor, Judge Laurie Newhook, and the expert consenting panel he appoints.

    MIL OSI New Zealand News –

  • MIL-OSI New Zealand: Defence News – Manawanui update – Two containers successfully removed from reef, work in progress to remove the third

    Source: New Zealand Defence Force

    Manawanui update – Two containers successfully removed from reef, work in progress to remove the third:

     

    • Two containers have been removed, one carrying food and the other empty. 
    • The food was safely buried at a landfill. The two containers were taken to a biosecurity compound at the port for safe disposal. The remaining container is empty.
    • “The teams on the ground have been working since this morning’s high tide to float and tow the third container to shore,” says NZDF Senior National Representative Commodore Andrew Brown. 
    • “However, conditions are challenging, with strong currents and winds making the task especially difficult.”
    • “The container is also damaged, which makes it less buoyant than the others.”
    • “The work will continue tonight, and we are able to work on this tomorrow, if necessary, in agreement with the Samoan authorities.”  
    • “Safety is paramount. We need to proceed with care and keep people safe.”
    • During CHOGM we will continue to monitor the vessel and shoreline.

    MIL OSI New Zealand News –

  • MIL-OSI New Zealand: Federated Farmers – Government intervenes to stop out-of-control councils

    Source: Federated Farmers

    Federated Farmers says the Government stepping in to stop regional councils from notifying new freshwater regulations is a win for both farmers and common sense.
    “Regional councils have been totally out of control pushing ahead with expensive and impractical new freshwater rules,” says Federated Farmers vice president Colin Hurst.
    “It has never made any sense for councils to rush through these rules before the new National Policy Statement for Freshwater Management (NPS-FM) has been put in place.
    “The Government stepping in and intervening is a pragmatic move that will be welcome news for farmers and ratepayers across the country.”
    Hurst says Federated Farmers has been incredibly vocal in calling for the Government to stop councils notifying these new rules.
    “This is a huge win for Federated Farmers and our members across the country,” Hurst says.
    “Councils have been pouring ratepayers’ money down the drain working on these new rules when they know all too well there are changes coming.
    “It makes much more sense to wait for changes to both the NPS-FM and the Resource Management Act to be finalised.
    “Last month we wrote to Environment Minister Penny Simmonds and recommended that Section 80A of the RMA should be amended to prevent councils from notifying new freshwater regional regulations and policy statements.
    “Farmers up and down the country will be breathing a deep sigh of relief this afternoon, because the Government have done just that.”
    Hurst says this means no more unworkable rules or regulations will be imposed on farmers by regional councils until the Government has clarified the law.
    He says the announcement comes just in time to stop Otago Regional Council, who are due to meet tomorrow to vote on whether they will notify a new land and water plan.
    “These changes have arrived just in time to prevent them from doing so.
    “Federated Farmers has led the charge in Otago calling for the regional council to be transparent about the true costs and implications of their plan.
    “That advocacy seems to have been a real catalyst for action that will have far-reaching implications for other communities.
    “This change introduced to Parliament today will prevent regional councils across the country from notifying regional plans and regional policy statements that give effect to the unworkable NPS-FM 2020.”
    In the Government’s announcement today, it said it will move to add an amendment to the Resource Management Act Amendment Bill, currently before Parliament, which will restrict councils’ ability to notify freshwater plans before the gazettal of the replacement NPS-FM.

    MIL OSI New Zealand News –

  • MIL-OSI New Zealand: First Responders – Waikato wetland fire update #4

    Source: Fire and Emergency New Zealand

    Fire and Emergency New Zealand crews are continuing to battle a large vegetation fire in scrub and wetlands near Meremere in North Waikato.
    Incident Commander Mark Tinworth says the fire now has a perimeter of 10 kilometres, and has burned through around 477 hectares in the Island Block area, including the Whangamarino wetlands.
    “It’s continuing to spread through the wetlands, but it’s not threatening any residential or commercial properties at present,” he said.
    “Island Block Road is now closed to all except for emergency vehicles and residents, so we urge people to avoid the area if they can.
    “There’s a lot of smoke coming off the burning areas, and we advise people to keep car doors and windows shut if they have to drive near the area.”
    The Whangamarino wetland is a Department of Conservation area of environmental significance. Fire and Emergency is working collaboratively with the Department of Conservation and mana whenua to ensure cultural and environmental values are considered in firefighter tactics.
    “We’re working really hard to contain it as quickly as possible, but we are expecting it to take another day or so to bring it under control,” Mark Tinworth said. “This is a really beautiful part of the country with considerable environmental value, and we’re doing our best to prevent it from being destroyed.”
    Fire and Emergency is also working alongside local businesses to make sure they have plans in place for removing any dangerous material if the fire gets too close to those locations.
    Fire and Emergency New Zealand was alerted to the fire off Island Block Road around 1.15pm on Monday, and fire crews are being supported by eight helicopters, two fixed-wing aircraft, and around 40 personnel.
    Water for the fire trucks and helicopter buckets was temporarily sourced from the local reticulated supply, but is now being sourced from a pond on a local farm.
    Fire investigators are at the site today and the origin and cause of the fire are yet to be confirmed.

    MIL OSI New Zealand News –

  • MIL-OSI New Zealand: Activist News – Will Christchurch become first New Zealand city to sanction Israel? – PSNA

    Source: Palestine Solidarity Network Aotearoa

     

    Tomorrow morning (Wednesday 23 October) Christchurch City Council is due to vote on a resolution to amend its procurement policy to exclude companies building and maintaining illegal Israeli settlements in the occupied Palestinian territories. 

     

    The resolution was proposed by PSNA in a presentation to council in June and a positive recommendation is finally coming to council tomorrow.

     

    The details of the agenda item are on Pages 13 to 23 here: Agenda of Finance and Performance Committee – Wednesday, 23 October 2024

     

    “We are delighted the council is to consider this motion tomorrow” says PSNA National Chair John Minto. “If it passes Christchurch will be the first city in New Zealand to end Israeli impunity for war crimes” (Building settlements on occupied land belonging to others is a war crime under international law)

     

    The motion would bring council policy in line with UN Security Council resolution 2334 which was co-sponsored by a previous National government in 2016. It will also mean Christchurch will be the first city council in the country to adopt the policy (Environment Canterbury voted in this policy earlier this year).

     

    “Today Israel is running riot across the Middle East because it has never been held to account for 76 years of flagrant breaches of international law,” says Minto.

     

    “The motion is a small but significant step in sanctioning Israel. Many more steps must follow”.

     

    PSNA National Chair John Minto and University of Canterbury lecturer Josephine Varghese will be speaking to councillors in support of the motion at around 9.40am backed up with supporters in the public gallery.

     

    We hope the media will report this important development in holding Israel to account.

     

    John Minto

    National Chair 

    Palestine Solidarity Network Aotearoa

    MIL OSI New Zealand News –

  • MIL-OSI New Zealand: Employment Disputes – PSA members ready to support nationwide hui opposing Government’s anti-worker agenda – PSA

    Source: PSA

    PSA members will join thousands of workers to take part in nationwide hui on Wednesday 23 October 2024t o fight back against government policies that undermine workers’ rights and Te Tiriti o Waitangi Hui are being held in 13 centres across the country, and will be attended by workers from across a wide range of sectors. 
    National Secretary Duane Leo says the Public Service Association Te Pūkenga Here Tikanga Mahi fully supports the October 23 Fight Back Together hui across the motu, alongside other unions. 
    “PSA members have been on the receiving end of attacks from the coalition Government, which have led to mass layoffs, cuts to services we all rely on, and relentless attacks on Te Tiriti and Māori rights,” Leo says.
     The Public Service Association Te Pūkenga Here Tikanga Mahi is Aotearoa New Zealand’s largest trade union, representing and supporting more than 95,000 workers across central and local government, the health sector and community organisations. 
    “PSA members come to work every day to make a difference. We help deliver the community, local government, health and public services that keep Aotearoa running. These services ensure everyone gets the support they need to live healthy, safe and empowered lives – not just those who can afford to pay.
    “Government cuts and unprecedented attacks on the services we provide are doing long term damage and risk eroding public faith in these services. 
    “Workers who keep their jobs are shouldering additional workloads. This has health and safety impacts as well as threats to service delivery. 
    “Cutting the jobs and livelihoods of thousands of New Zealanders, scrapping fair pay agreements, reintroducing 90-day trials, and hiring freezes across the health system make this the most anti-worker government we’ve seen in decades. 
    “It’s time to fight back together against the Government’s cuts and attacks on Te Tiriti and to fight back together for better investment in public health, community and local government services,” Leo says. 
    The Public Service Association Te Pūkenga Here Tikanga Mahi is Aotearoa New Zealand’s largest trade union, representing and supporting more than 95,000 workers across central and local government, the health sector and community organisations.

    MIL OSI New Zealand News –

  • MIL-OSI Security: Defense News: USS Oak Hill arrives in Larnaca, Cyprus

    Source: United States Navy

    LARNACA, Cyprus – The Harpers Ferry-class amphibious landing dock ship USS Oak Hill (LSD 51) and embarked 24th Marine Expeditionary Unit (MEU) Special Operations Capable (SOC) arrived in Larnaca, Cyprus, for a scheduled port visit, Oct. 17, 2024.

    “This port visit enables us to conduct training with the Republic of Cyprus, as well as enjoy some downtime for the crew,” said Cmdr. Beth-Ann Martin, Oak Hill’s executive officer. “Port visits are vital opportunities to bolster relationships with our partners.”

    While Oak Hill is in Larnaca, Marines of the 24th MEU (SOC) will conduct individual and small unit training with the Republic of Cyprus National Guard. Sailors and Marines will also have the opportunity to explore the city and surrounding areas.

    Oak Hill is conducting operations as part of the Wasp Amphibious Ready Group (WSP ARG)-24th MEU (SOC) in the U.S. 6th Fleet and U.S. Naval Forces Europe-U.S. Naval Forces Africa (NAVEUR-NAVAF) areas of operations, supporting U.S., Allied and partner interests in the region, including in the Eastern Mediterranean Sea, to continue promoting regional stability and deterring aggression.

    The WSP ARG-24th MEU (SOC) is comprised of its flagship namesake, the amphibious assault ship USS Wasp (LHD 1), San Antonio-class amphibious transport dock ship USS New York (LPD 21), Oak Hill, and the embarked 24th MEU (SOC).

    The 24th MEU (SOC) is a Marine Air-Ground Task Force (MAGTF) with a Command Element, Aviation Combat Element, Marine Medium Tiltrotor Squadron 365 (Reinforced), Ground Combat Element, Battalion Landing Team 1/8, and Logistics Combat Element, Combat Logistics Battalion 24.

    To learn more about USS Oak Hill, please visit our Facebook page: https://www.facebook.com/ussoakhilllsd51

    To learn more about WSP ARG-24th MEU (SOC), please visit our DVIDS feature page: https://www.dvidshub.net/feature/wasparg24thmeu

    MIL Security OSI –

  • MIL-OSI: HEROWORKS to Participate in TTA 2024, Initiating Comprehensive Expansion into the Singapore Market

    Source: GlobeNewswire (MIL-OSI)

    SEOUL, KOREA, Oct. 21, 2024 (GLOBE NEWSWIRE) — South Korean hospitality tech company HEROWORKS is set to enter the Singapore market by introducing its hotel revenue management solution, ‘DatAmenity.’

    – HEROWORKS to Participate in ‘TTA 2024’, the Largest Tourism & Tech Expo in the Asia-Pacific Region

    – HEROWORKS to Supply its Hotel Revenue Management Solution ‘DatAmenity’ to the Singapore Market

    – Seeking Global Tourism Partners to Target the Asian Market with Localized Systems

    HEROWORKS has been selected as a participating company for the Travel & Tech Expo organized by the Singapore Tourism Enterprises Support Center (KTSC). From the 23rd to the 25th of this month, HEROWORKS will attend ‘Travel Tech Asia (TTA) 2024’ and ‘2024 ITB-Asia’ at the Marina Bay Sands Convention Centre in Singapore, seeking new business opportunities targeting the Asian hospitality tech market.

    With the aim of providing optimized solutions for the Singapore market, HEROWORKS will engage in networking and one-on-one investment meetings with key stakeholders, including venture capitalists, angel investors, and other investors. Through business consultations with these stakeholders, HEROWORKS plans to identify the specific needs of Singapore’s tourism and hospitality industries and to localize the ‘DatAmenity’ technology by partnering with companies that can create synergistic effects.

    DatAmenity is the first service in Korea to develop and implement a Revenue Management System (RMS) for hotels, and currently holds Korea’s number one market share. The solution collects and analyzes room data registered with Online Travel Agencies (OTAs), including pricing information and sales status, for all types of accommodations, such as hotels, motels, resorts, and pensions, assisting in optimally setting room sale prices.

    Unlike traditional hotel solutions, the DatAmenity solution is offered as a cloud-based SaaS (Software as a Service) model, allowing users to easily access and utilize the system anytime, anywhere. It currently serves approximately 500 accommodation facilities and has received significant positive feedback.

    Notably, DatAmenity has been recognized for its differentiated technological prowess in ‘Comparing Room Sales by Room Type.’ HEROWORKS identified the challenge that, despite having identical room configurations, differing room nomenclatures across hotels make accurate price comparisons difficult. In response, HEROWORKS developed a system allowing users (client companies) to set competitive hotels’ room classifications by their hotel’s room standards. This system, a proprietary technology exclusive to DatAmenity, has been proven innovative by acquiring a technology patent.

    HEROWORKS CEO Lee Chang-ju stated, “The demand for data-driven revenue management is increasing in Singapore’s hospitality industry.” He added, “Through participating in the TTA and ITB-Asia expos, we expect to accelerate our penetration into the Asian market by establishing partnerships with Singapore’s tourism and tech companies.”

    Meanwhile, HEROWORKS is a hospitality technology company specializing in developing automated systems for hotel revenue management. To address the gaps that existing hotel operational systems, such as Property Management Systems (PMS) and Channel Management Systems (CMS), cannot resolve, HEROWORKS has developed and operates a distinctive ‘Hotel Revenue Management Solution.’ Notably, the solution provides features that establish ‘optimal room sale prices’ and enable comprehensive viewing and management of ‘hotel customer reviews,’ contributing to enhanced hotel revenues.

    Social Links

    YouTube: https://youtu.be/e1kOthMDeUo?feature=shared

    Blog: https://blog.naver.com/datamenity

    Media Contact

    Brand: HEROWORKS

    Contact: Planning & Marketing Team

    Email: dyeong@heroworks.co.kr

    Website: https://www.heroworks.co.kr

    The MIL Network –

  • MIL-OSI: Balchug Capital Welcomes Leading Sanctions and AML Expert as Counsel to its Global Advisory Board

    Source: GlobeNewswire (MIL-OSI)

    YEREVAN, Armenia, Oct. 22, 2024 (GLOBE NEWSWIRE) — Balchug Capital, a global investment management firm headquartered in Armenia specializing in event-driven and value liquid strategies and private equity investments, is pleased to welcome Michael Parker, a renowned expert in U.S. sanctions and anti-money laundering (AML) compliance, as Counsel to its Global Advisory Board.

    With a distinguished career that includes serving as a U.S. Federal Prosecutor and Office of Foreign Assets Control (OFAC) official, Mr. Parker brings an in-depth understanding of the international regulatory landscape, further strengthening the firm’s commitment to responsible investing in global markets.

    “We have always placed full and unequivocable compliance with all relevant international laws and regulations at the heart of our firm. This is critical given the complexity of the regulatory and legal landscape in some geographies where we invest. This move is the strongest signal we can make of our commitment to the highest standards of compliance, and we are delighted to have Michael Parker as Counsel to our Global Advisory Board. His expertise will be invaluable as Balchug Capital continues to expand its global reach,” said David Amaryan, CEO and founder of Balchug Capital.

    “I’m honored to serve as Counsel to the Global Advisory Board and contribute together with its esteemed members to the success of Balchug Capital. The company’s resolute dedication to ethical governance and proactive commitment to its regulatory and legal requirements as part of its strategic vision is highly commendable,” said Michael Parker.

    Balchug Capital had previously announced the formation of its Global Advisory Board with esteemed leader in ethical governance, Mr. Robert H. Tembeckjian, as its inaugural member. The addition of Michael Parker as the Global Advisory Board’s Counsel further strengthens Balchug Capital’s commitment to best practices in corporate governance and compliance. 

    The Global Advisory Board supports Balchug Capital and its portfolio companies by providing strategic counsel and mentorship for continued growth. 

    About Michael Parker
    Michael Parker is a recognized expert in U.S. economic sanctions and anti-money laundering (AML) compliance. Having served as a U.S. Federal Prosecutor and an official with the Office of Foreign Assets Control (OFAC) at the U.S. Department of the Treasury, Michael Parker is currently a Partner at Arktouros pllc in Washington, DC, USA. Michael Parker is also an Adjunct Professor of National Security Law in the Georgetown University School of Foreign Service Security Studies Program, where he teaches on topics related to U.S. sanctions and national security.

    About Balchug Capital
    Balchug Capital is a global investment management firm headquartered in Armenia. It was founded in 2010 by David Amaryan and specializes in event-driven and value liquid strategies and private equity investments.

    Media contact:

    For further information please contact Lena Gyulkhasyan:

    l.gyulkhasyan@balchug.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/56203113-0790-4449-8a56-dd9b5262a51e

    The MIL Network –

  • MIL-OSI: LHV Group’s unaudited financial results for Q3 and nine months of 2024

    Source: GlobeNewswire (MIL-OSI)

    Q3 of 2024 for LHV was marked by strong loan portfolio growth and the highest business volumes so far.

    AS LHV Group earned EUR 84.9 million in revenue on a consolidated basis in Q3 of this year, which is 3% less than in Q2, but 4% more than at the same time a year ago. Of the revenue, net interest income accounted for EUR 67.4 million, and net fee and commission income for EUR 16.3 million. The Group’s operating expenses amounted to EUR 37.2 million in Q3, which is 1% less than in the previous quarter, but 14% more than a year earlier.

    In Q3, AS LHV Group earned EUR 34.7 million in consolidated net profit. It was 10% lower than in Q2 and 12% less than in Q3 of 2023. The return on equity attributable to the Group’s shareholders was 22.4% in Q3.

    During the quarter, AS LHV Pank earned EUR 34.1 million euros in net profit, AS LHV Varahaldus EUR 0.6 million, and AS LHV Kindlustus EUR 0.5 million. LHV Bank Limited reported a net loss of EUR 0.6 million in Q3.

    By the end of September, the volume of LHV Group’s consolidated assets increased to EUR 7.82 billion. Over the quarter, the volume of assets increased by EUR 491 million, i.e. 7%. Compared to the previous quarter, the Group’s consolidated loan portfolio increased by EUR 236 million to EUR 4.13 billion (+6%; + EUR 246 million in Q2). Consolidated deposits increased by EUR 502 million to EUR 6.29 billion during the quarter (+9%; + EUR 150 million in Q2). The total volume of funds managed by LHV was EUR 1.52 billion at the end of September, which is EUR 8 million less than in the previous quarter (-1%; – EUR 11 million in Q2). The number of processed payments to financial intermediaries’ clients amounted to 18.8 million in Q3 (+3% compared to 18.3 million payments in Q2).

    In the nine months of 2024, LHV Group has earned EUR 257.6 million in net income on a consolidated basis (+15% compared to 2023), and the total expenses have been EUR 110.4 million (+14%). This year, LHV’s consolidated loan portfolio has increased by EUR 564 million, i.e. 16%, and deposits (excluding deposits of financial intermediaries) by EUR 659 million (+14%).

    The Group’s consolidated net profit for the nine months was EUR 114 million, which is EUR 5.8 million more than a year earlier (+5%). In nine months, AS LHV Pank earned EUR 105.7 million, LHV Bank Limited EUR 5.2 million, AS LHV Varahaldus EUR 1.1 million, and AS LHV Kindlustus EUR 1.1 million in net profit. LHV Group’s nine-month return on equity was 25.6%.

    LHV’s nine-month net profit fell EUR 0.4 million short of the financial plan published at the beginning of October.

    Income statement, EUR thousand Q3-2024 Q2-2024 Q3-2023
       Net interest income 67 427 70 424 68 141
       Net fee and commission income 16 320 16 262 13 617
       Net gains from financial assets 798 -37 -589
       Other income 355 638 311
    Total revenue 84 900 87 287 81 480
       Staff costs -20 166 -21 108 -16 308
       Office rent and expenses -854 -609 -1 085
       IT expenses -3 820 -3 471 -3 379
       Marketing expenses -1 338 -973 -845
       Other operating expenses -11 066 -11 426 -11 190
    Total operating expenses -37 245 -37 587 -32 807
    EBIT 47 655 49 700 48 673
    Earnings before impairment losses 47 655 49 700 48 673
       Impairment losses on loans and advances -7 276 -5 043 -2 883
       Income tax -5 681 -6 071 -6 314
    Net profit 34 697 38 586 39 476
       Profit attributable to non-controlling interest 312 300 418
       Profit attributable to share holders of the parent 34 385 38 286 39 058
           
       Profit attributable to non-controlling interest 0.11 0.12 0.12
       Profit attributable to share holders of the parent 0.10 0.12 0.12
    Balance sheet, EUR thousand Sep 2024 Jun 2024 Sep 2023
       Cash and cash equivalents 3 376 016 3 217 448 2 857 964
       Financial assets 259 933 157 131 269 828
       Loans granted 4 168 778 3 925 877 3 396 048
       Loan impairments -42 543 -35 333 -20 466
       Receivables from customers 10 598 15 919 36 873
       Other assets 47 567 48 681 50 924
    Total assets 7 820 348 7 329 723 6 591 170
          Demand deposits 4 160 516 3 882 999 3 814 480
          Term deposits 2 125 844 1 900 930 1 501 724
          Loans received 679 550 735 281 461 635
       Loans received and deposits from customers 6 965 910 6 519 211 5 777 839
       Other liabilities 108 605 100 710 124 238
       Subordinated loans 106 079 107 521 166 848
    Total liabilities 7 180 595 6 727 441 6 068 925
    Equity 639 754 602 282 522 245
       Minority interest 8 006 7 695 7 706
    Total liabilities and equity 7 820 348 7 329 723 6 591 170

    Although the business environment is still affected by the economic downturn, both the growth and quality of LHV’s loan portfolio remained at a strong level. In addition to the growing number of clients, the activity of clients was also at a good level. The share of overdue loans remains low, but both model-based discounts and discounts to individual clients have been added.

    The number of clients of LHV Pank increased by 11,200 during the quarter, and a total of 37,200 bank clients (+9%) have been added in a year. The activity of clients in terms of settlements and the use of bank cards was good, and the active issuance of home loans continued: one in four home loans in Estonia continued to be taken out with LHV Pank. Retail loans increased by EUR 112 million over the quarter and corporate loans by EUR 47 million. The growth in deposits resulted in EUR 174 million from regular clients and EUR 52 million from financial intermediaries. Platform deposits were added in the amount of EUR 92 million. In a situation where interest rates on fixed-term deposits are falling, the bank’s focus remains on attracting deposits.

    During the quarter, the offer of student loans was reopened, and with the help of LHV Pank, both Estonian Treasury Bills and several other securities offers were organised on the Baltic markets. In September, the Instar survey identified LHV Pank as the most preferred employer in Estonia in terms of students, business students, and experienced employees.

    For LHV Bank operating in the United Kingdom, Q3 saw record loan growth, as the loan portfolio increased by EUR 76 million. There are EUR 150 million of loans approved by the Credit Committee but not yet issued. The quality of the loan portfolio remains strong, as there are no debtors. The focus on loans will continue to be relevant: to date, LHV Bank has entered into cooperation agreements with more than 50 loan brokers and has assembled the entire team. The deposits included by LHV Bank increased by EUR 189 million over the quarter. The payment volumes of financial intermediaries remained at the same level as in Q2. In September, the results reflected one-off expenses incurred in the previous months, which affected the quarterly profit.

    The development of LHV Bank’s retail banking offering, mobile bank, and website continued. At the beginning of October, the mobile bank was opened for testing by own employees, the first accounts were opened and the first payments were made. At the beginning of July, LHV Bank joined the SEPA scheme, and joining the TIPS scheme is scheduled for April 2025.

    All pension funds managed by LHV Varahaldus had a positive rate of return in Q3. The quarter was characterised by a more volatile and weaker time in the markets. The volume of the II pillar was affected by the movements of clients at the beginning of September and the exit from the II pillar, which reduced the number of active clients making monthly contributions by 2,000. At the same time, the volume of the III pillar exceeded the level of EUR 100 million. Business results were largely in line with the financial plan revised in October. Approximately 8,000 people had submitted applications for larger contributions to the II pillar by the end of the quarter, and applications for the coming year can be submitted until the end of November.

    LHV Kindlustus continued on the path of good sales performance and profitability. For the second quarter in a row, home and travel insurance sales showed excellent growth. At the same time, there were few major loss events. The number of clients continued to grow. Net earned bonuses are outpacing the financial plan, with operating expenses being lower than planned. The decreasing net cost ratio supports the achievement of profitability goals.

    As at the end of the quarter, LHV Group is well capitalised and the Group’s internal capital generation capacity exceeds loan growth. If the growth continues, there is a possibility that LHV Group will organise the offering of T2 bonds in Q4.

    Comment by Madis Toomsalu, Chairman of the Management Board of the LHV Group: “During Q3, we achieved the highest business volumes in history, both in Estonian home and corporate loans, and in UK corporate loans. The total loan portfolio increased by EUR 236 million, showing a very strong result. To finance loan growth, deposits increased by EUR 502 million. In Estonia, the activity of clients continued to grow, and free euro payments bring in clients who make settlements and receive wages to their account. More and more clients are also using the insurance services of LHV. In the United Kingdom, the focus is on preparing for the launch of mobile banking, payments, and bank cards aimed at retail clients.”

    To access the reports of AS LHV Group, please visit the website at https://investor.lhv.ee/en/reports/.

    In order to present the results of the quarter, LHV Group will organise an investor meeting via the Zoom webinar platform. The virtual investor meeting will take place on 22 October at 9.00, before the market opens. The presentation will be in Estonian. We kindly ask you to register at the following address: https://lhvbank.zoom.us/webinar/register/WN_3bEDDGaqQL-Q3rXLMkk-eA.

    LHV Group is the largest domestic financial group and capital provider in Estonia. The LHV Group’s key subsidiaries are LHV Pank, LHV Varahaldus, LHV Kindlustus, and LHV Bank Limited. The Group employs nearly 1,200 people. As at the end of September, LHV’s banking services are being used by 445,000 clients, the pension funds managed by LHV have 116,000 active clients, and LHV Kindlustus protects a total of 169,000 clients. LHV Bank Limited, a subsidiary of the Group, holds a banking licence in the United Kingdom and provides banking services to international financial technology companies, as well as loans to small and medium-sized enterprises.

    Priit Rum
    Communications Manager
    Phone: +372 502 0786
    Email: priit.rum@lhv.ee 

    Attachments

    The MIL Network –

  • MIL-OSI: eQ Plc’s interim report Q3 2024 – eQ’s operating profit EUR 27.6 million

    Source: GlobeNewswire (MIL-OSI)

    eQ Plc interim report
    22 October 2024 at 8:00 AM

    January to September 2024 in brief

    • During the period under review, the Group’s net revenue totalled EUR 50.9 million (EUR 52.3 million from 1 Jan. to 30 Sept. 2023). The Group’s net fee and commission income was EUR 49.8 million (EUR 51.5 million).
    • The Group’s operating profit fell by 8% to EUR 27.6 million (EUR 30.0 million).
    • The Group’s profit was EUR 21.9 million (EUR 23.8 million).
    • The consolidated earnings per share were EUR 0.53 (EUR 0.59).
    • The net revenue of the Asset Management segment decreased by 10% to EUR 45.5 million (EUR 50.3 million) and the operating profit by 15% to EUR 26.9 million (EUR 31.7 million). The management fees of the Asset Management segment fell by 10% to EUR 42.0 million (EUR 46.8 million) and the performance fees increased by 3% to EUR 4.0 million (EUR 3.9 million). During the review period, the assets managed by eQ Asset Management grew by 3% to EUR 13.3 billion (EUR 12.9 billion on 31 Dec. 2023).
    • The net revenue of the Corporate Finance segment was EUR 4.3 million (EUR 1.2 million)
       and the operating profit was EUR 1.5 million (EUR -0.9 million).
    • The operating profit of the Investments segment was EUR 0.5 million (EUR 0.4 million).
    • The net cash flow from the Group’s own private equity and real estate fund investment operations was EUR 0.7 million (EUR 0.2 million).

    July to September 2024 in brief

    • In the third quarter, the Group’s net revenue totalled EUR 16.7 million (EUR 16.6 million from 1 July to 30 Sept. 2023). The Group’s net fee and commission income was EUR 16.6 million (EUR 16.2 million).
    • The Group’s operating profit fell by 6% to EUR 9.6 million (EUR 10.2 million).
    • The Group’s profit was EUR 7.6 million (EUR 8.1 million).
    • The consolidated earnings per share were EUR 0.18 (EUR 0.20).
    Key ratios 1-9/24 1-9/23 Change 7-9/24 7-9/23 Change 1-12/23
    Net revenue, Group, MEUR 50.9 52.3 -3% 16.7 16.6 1% 70.9
    Net revenue, Asset Management, MEUR 45.5 50.3 -10% 15.2 15.9 -4% 66.9
    Net revenue, Corporate Finance, MEUR 4.3 1.2 251% 1.3 0.3 300% 3.9
    Net revenue, Investments, MEUR 0.5 0.4 15% -0.1 0.3 -133% -0.6
    Net revenue, Group administration and eliminations, MEUR 0.7 0.4   0.2 0.1    0.6
                   
    Operating profit, Group, MEUR 27.6 30.0 -8% 9.6 10.2 -6% 39.7
    Operating profit, Asset Management, MEUR 26.9 31.7 -15% 9.4 10.5 -10% 41.4
    Operating profit, Corporate Finance, MEUR 1.5 -0.9 265% 0.5 -0.2 331% 0.7
    Operating profit, Investments, MEUR 0.5 0.4 15% -0.1 0.3 -133% -0.6
    Operating profit, Group administration, MEUR -1.1 -1.3   -0.3 -0.4   -1.7
                   
    Profit for the period, MEUR 21.9 23.8 -8% 7.6 8.1 -6% 31.5
                   
    Key ratios 1-9/24 1-9/23 Change 7-9/24 7-9/23 Change 1-12/23
    Earnings per share, EUR 0.53 0.59 -9% 0.18 0.20 -8% 0.78
    Equity per share, EUR 1.64 1.65 -1% 1.64 1.65 -1% 1.85
    Cost/income ratio, Group, % 45.7 42.6 7% 42.8 38.5 11% 43.8
                   
    Liquid assets, MEUR 29.0 22.4 29% 29.0 22.4 29% 33.4
    Private equity and real estate fund investments, MEUR 16.5 17.1 -4% 16.5 17.1 -4% 16.6
    Interest-bearing loans, MEUR 0.0 0.0 0% 0.0 0.0 0% 0.0
                   
    Assets under management excluding reporting services, EUR billion 10.4 9.9 4% 10.4 9.9 4% 10.0
    Assets under management, EUR billion 13.3 12.8 4% 13.3 12.8 4% 12.9

    Mikko Koskimies, CEO

    Before the summer, it was expected that the Federal Reserve would not be able to cut its reference rate until late 2024 or in 2025. However, this view changed in early August, when labour market data was clearly weaker than expected. Strong fears emerged in the markets that the central bank acted too late when cutting interest rates and that the economy was at risk of a recession. Interest rate markets immediately anticipated that the Federal Reserve would cut its reference rate exceptionally quickly and sharply. Stock markets fell. Market positions were unwound at a rapid pace, resulting in Japanese yen’s sharp value increase and the Japanese stock market’s steep decline.

    Economic data released in the following weeks showed that market reactions had been disproportionate. However, the increased risk of recession was reflected in the Federal Reserve cutting its reference rate by 0.5 percentage points in September. The European Central Bank had already cut its reference rate in the summer and implemented another 0.25 percentage point cut in September. In Europe, economic growth differentials are exceptionally high, complicating the ECB’s monetary policy stance. Towards the end of the third quarter, China announced larger economic policy measures to boost growth. This led to a sharp rise in share prices at the very end of the quarter.

    Equity markets fluctuated in line with the recession, but as predictions of the economy’s soft landing returned, third-quarter returns turned clearly positive. At the beginning of the year, the US was the frontrunner, with the S&P 500 index returning as much as 21.7% in dollars (20.5% in euros). The rise of US share prices continues to be driven by a few technology companies. MSCI Europe had risen 11.6% since the beginning of the year. The Finnish stock market rose rapidly in the third quarter, up 8.8% from the start of the year. In emerging markets, share prices rose by 15.7% at the start of the year.

    eQ’s operating profit EUR 27.6 million

    The net revenue of the Group during the review period was EUR 50.9 million and the operating profit was EUR 27.6 million. Operating profit fell by 8 per cent from the previous year.

    eQ Asset Management’s assets under management increased

    eQ Asset Management’s net revenue in the review period fell by 10 per cent to EUR 45.5 million. The operating profit of the period fell by 15 per cent to EUR 26.9 million. The assets managed by eQ Asset Management grew by 3 per cent to EUR 13.3 billion during the period under review.

    As for traditional interest and equity investments, the returns of client portfolios in the first half were very good. Of the funds that eQ manages itself, 38 per cent surpassed their benchmark indices, and during a three-year period the corresponding figure was 62 per cent. During the review period eQ’s funds also received awards from both Morningstar and Lipper.

    As for sales, the year 2024 has gone well especially in Private Equity asset management. In 2024, Private Equity assets are raised to the eQ PE XVI North and eQ PE SF V funds, which make investments in Northern Europe. Their sizes increased to almost EUR 300 million in total at the end September. At the same time, the size the eQ VC II fund, which makes Venture Capital investments and which was started with the first closing of EUR 20 million last October, grew to 49 million dollars.

    Advium’s profit grew

    During the period under review, Advium’s net revenue totalled EUR 4.3 million (EUR 1.2 million). Operating profit was EUR 1.5 million (EUR -0.9 million).

    M&A activity in the third quarter of the year has remained at the same level as at the beginning of the year, but at a clearly lower level compared to the longer-term average. Volumes of the real estate transaction market are also still significantly below the long-term average.

    During the first nine months of 2024, Advium advised on four M&A transactions and one real estate transaction: Advising Aspo Plc on its minority investment in OP Suomi Infra, advising the eQ Commercial Properties fund on the sale of the Bredis retail park, advising an acquiring consortium on the public offer for Purmo Group, advising Innofactor Board of Directors on public cash offer for the company and advising Forcit on its agreement to acquire part of Orica’s Finnish and Swedish businesses.

    Jacob af Forselles was appointed as the Managing Director of Advium Corporate Finance Ltd and as a member to eQ Group’s Management Team. He started in his position at the beginning of August.

    The operating profit of Investments increased slightly

    The operating profit of the Investments segment was EUR 0.5 million (EUR 0.4 million), and the net cash flow was EUR 0.7 million (EUR 0.2 million). The balance sheet value of the private equity and real estate fund investments at the end of the period was EUR 16.5 million (EUR 16.6 million on 31 Dec. 2023). During the period, eQ Plc made a EUR 1 million investment commitment in the new eQ PE XVI North fund.

    Outlook

    The asset management market in Finland has grown strongly, and eQ’s growth has outpaced the market. We estimate that the long-term outlook for growth in the asset management market and for eQ in Finland is still good.

    For eQ’s real estate funds, 2023 was a difficult year due to an increase of the yields resulting from a strong rise in the interest rate level. As yields rose, values of properties clearly declined. Also, net subscriptions in funds were negative. The limited availability of real estate financing also contributed to a significant decrease in real estate transactions. With regard to the real estate funds, we expect 2024 to be a challenging year, although the long-term outlook for growth is good. Sales of eQ’s Private Equity products has continued to be strong, and the desire of Finnish asset management clients to increase Private Equity allocations in their portfolios will continue to support the growth of eQ’s Private Equity products. We also anticipate a growth in performance fees from 2025 onwards, due to the transfer of several Private Equity products to a performance fee stage. eQ’s competitive position in traditional asset management products and discretionary asset management is good thanks to excellent returns on investments. We believe that traditional asset management has great potential for growth in future years, considering however its characteristic short-term variation according to market conditions.

    ***

    eQ’s interim report 1 January to 30 September 2024 is enclosed to this release and it is also available on the company website at http://www.eQ.fi.

    eQ Plc

    Additional information:
    Mikko Koskimies, CEO, tel. +358 9 6817 8799
    Antti Lyytikäinen, CFO, tel. +358 9 6817 8741

    Distribution: Nasdaq Helsinki, http://www.eQ.fi, media

    eQ Group is a group of companies that concentrates on asset management and corporate finance business. eQ Asset Management offers a wide range of asset management services (including private equity funds and real estate asset management) for institutions and private individuals. The assets managed by the Group total approximately EUR 13.3 billion. Advium Corporate Finance, which is part of the Group, offers services related to mergers and acquisitions, real estate transactions and equity capital markets. More information about the Group is available on our website http://www.eQ.fi.

    Attachment

    The MIL Network –

  • MIL-OSI United Nations: Renault Group takes a stand alongside the United Nations Special Envoy for Road Safety to make mobility safer

    Source: United Nations Economic Commission for Europe

    Renault Group and the United Nations, via the UN Economic Commission for Europe (UNECE), have entered into a two-year strategic partnership agreement to support the work of the UN Secretary-General’s Special Envoy for Road Safety, Jean Todt. 

    With this partnership, Renault Group has become the first automobile manufacturer to take a stand alongside the Special Envoy’s Secretariat and is stepping up its long-standing commitment to increasingly safe and accessible mobility in all its markets. 

    The partners will take action together to promote road safety by providing training, raising awareness and deploying innovation, with a view to benefiting everyone on roads.  

    Boulogne-Billancourt (France) and Geneva (Switzerland) – Renault Group and the Secretariat of the UN Secretary-General’s Special Envoy for Road Safety announce today a partnership to draw attention to road safety around the world, provide training and deploy technological breakthroughs to save lives. By supporting the UN’s endeavour, Renault Group is reasserting its determination to work towards ever safer and more accessible mobility benefiting everyone on roads. During this two-year partnership, Renault Group will share with the Special Envoy the expertise it has gathered through its long-standing commitment to road safety.  

    Renault Group’s commitment supports the UN’s aim to halve the number of global deaths and injuries from road traffic crashes.  

    “For Renault, taking safety seriously doesn’t just mean ticking boxes. It means fulfilling our regulatory obligations but also pushing further, guided by what we believe in and our determination to make a difference. By coming up with solutions that make our cars even safer and by pushing innovation everywhere it makes sense. So we are pioneering technology, but also taking action that can potentially make mobility safer, while ranking the issue at the top of the agenda everywhere. That is why I feel very happy that we are supporting Jean Todt’s and the United Nations’ commitment to road safety” Luca de Meo, Chief Executive Officer of Renault Group 

    A major societal concern

    In a world where road crashes remain the leading killer of children and youth aged 5 to 29 years (WHO 2023), there is an urgent need for collective efforts to address this crisis and pave the way for safer roads. 

    “There were an estimated 1.19 million road traffic deaths in 2021. These new WHO figures give us a sense of the horror we have to deal with. This is why it is so urgent to join forces with partners such as Renault to put an end to the carnage and shine a light on this silent pandemic. Without the active involvement of all actors, including institutional and public sector partners, civil society and the private sector, including car manufacturers, we won’t achieve our objective of halving the number of victims on roads by 2030. I commend Renault Group for its leadership and commitment at our side in this battle.” Jean Todt, the UN Secretary-General’s Special Envoy for Road Safety. 

    Road safety facts and figures worldwide (World Health Organization, 2023) 

    • Only 7 countries (France, Greece, Hungary, Italy, Luxembourg, Portugal and Sweden) have applied the WHO’s legislative best practices relating to five risk factors: speeding, drinking and driving, not wearing seat belts, not wearing helmets, and not transporting children in child restraints 

    • Only 10 countries (Belarus, Brunei Darussalam, Denmark, Japan, Lithuania, Norway, Russian Federation, Trinidad and Tobago, United Arab Emirates and Venezuela) succeeded in reducing road traffic deaths by over 50% between 2010 and 2021.

    About Renault Group  

    Renault Group is at the forefront of reinventing mobility. Backed by its alliance with Nissan and Mitsubishi Motors, and its unique expertise in terms of electrification, Renault Group draws on the complementary nature of its four brands – Renault, Dacia, Alpine and Mobilize – to offer its customers sustainable and innovative mobility solutions. With operations in more than 130 countries, the Group sold 2.235 million vehicles in 2023. It employs nearly 105,000 people who embody its raison d’être on a daily basis, so that mobility brings us closer to one another. Ready to take up challenges on the road as well as in competition, the Group is committed to an ambitious and value-generating transformation. This is centred on the development of new technologies and services, and a new range of even more competitive, balanced and electrified vehicles. In line with environmental challenges, Renault Group’s ambition is to achieve carbon neutrality in Europe by 2040. 

    https://www.renaultgroup.com  

    About the UN and road safety  

    The United Nations has been promoting road safety since the late 1940s, when the first international agreements on the issue were signed. Following the “Decade of Action for Road Safety 2011-2020”, the UN General Assembly in August 2020 adopted a resolution on “Improving Road Safety”, that reconfirmed its commitment to halving the number of global traffic deaths and injuries and to providing access to safe, affordable, accessible, and sustainable transport systems for all by 2030. In October 2021, the World Health Organization and the United Nations Regional Commissions, in cooperation with partners in the United Nations Road Safety Collaboration and other stakeholders, developed the Global Plan for the Decade of Action for Road Safety 2021-2030, as a guiding document to support the implementation of the Decade of Action 2021–2030 and its objectives. 

    In July 2022, the road safety community met in New York City for the first ever High-Level Meeting on Improving Global Road Safety at the United Nations General Assembly, unanimously adopting a text titled: “Political declaration of the high-level meeting on improving global road safety”. 

    To galvanize intersectoral actions and raise the visibility of road safety, the UN Secretary-General, Ban Ki-moon, appointed in 2015 Jean Todt as his Special Envoy for Road Safety. He was reconfirmed in this role by António Guterres, in 2017 and in 2021. In 2018, Jean Todt contributed to the creation of the UN Road Safety Fund (UNRSF). In his role as UN Special Envoy, Mr. Todt contributes, among other things, to mobilize sustained political commitment to make road safety a priority; to advocate and raise awareness of UN legal instruments on road safety; to share established good practices in this area; to generate adequate funding through strategic partnerships between the public, private and non-governmental sectors. 

    Special Envoy brochure and Twitter account. 

    The secretariat of the UN Secretary-General’s Special Envoy for Road Safety is hosted in UNECE. UNECE is the custodian of the United Nations road safety legal instruments applicable worldwide, such as the Convention on Road Traffic, the Convention on Road Signs and Signals, and the 1958, 1997 and 1998 Vehicle Regulations Agreements. UNECE remains the only permanent intergovernmental forum in the United Nations that focuses on improving road safety. 

    MIL OSI United Nations News –

  • MIL-OSI United Nations: Jodensavanne Archaeology Volunteer Project successfully completed

    Source: United Nations

    From 23 to 28 September 2024, the Jodensavanne Foundation organized an archaeology volunteer project at the Jodensavanne Archaeological Site, a UNESCO World Heritage Site since 2023. The Foundation organized this volunteer project for the second consecutive year under the coordination of Sushmeeta Ganesh, a junior archaeologist. Nineteen participants between 12 and 70 years old participated in this year’s activity, four of whom were youngsters from the neighbouring Indigenous village …

    MIL OSI United Nations News –

  • MIL-OSI United Nations: UN’s MindCompanion Web and Mobile Application Provides Essential Mental Health Support to UN Peacekeepers

    Source: United Nations – Peacekeeping

    United Nations peacekeepers operate in some of the world’s most dangerous environments and are often tasked with protecting civilians against physical violence. Hence, they are often themselves exposed to atrocities, war crimes, and crimes against humanity. While the physical safety of peacekeepers is of the utmost importance, it is equally critical that their mental health is also taken care of.

    A survey by the Division of Healthcare Management, Occupational Safety, and Health in the United Nations Department of Operational Support (DHMOSH/DOS) revealed that nearly one-third of peacekeepers report disrupted sleep patterns while deployed.  Some may manifest with anxiety, sadness, and stress, and these may arise during service or even months or years after peacekeepers return home. While mental health challenges are universal, many countries lack the mechanisms needed to identify mental health issues and provide the necessary support. Cultural factors, particularly in military settings, often discourage personnel from reporting symptoms.  

    Recognizing the pressing need to address these challenges, the UN Security Council adopted Resolution 2668 in December 2022. This resolution calls for comprehensive mental health and psychosocial support for UN peacekeeping personnel. This resolution is a pivotal step toward transforming how mental health is addressed in peacekeeping operations, focusing on providing peacekeepers with tools and resources to manage stress and trauma. 

    Building a Mental Health Strategy for Peacekeepers

    In response to the resolution, DHMOSH/DOS has developed a Mental Health Strategy for uniformed personnel. This strategy focuses on prevention, protection, and promotion of mental health throughout all deployment phases. The aim is to raise awareness about mental health issues, train personnel on coping strategies, and create a supportive culture that encourages peacekeepers to seek help without fear of stigma. 

    Introducing the UN’s MindCompanion App

    A key component of this strategy is the development of the UN’s MindCompanion mental health app. Launched on 10 Oct 2024 the app is designed to help peacekeepers monitor their psychological well-being, access mental health resources, and seek help when necessary. It provides a confidential platform for peacekeepers to prioritise self-care and act before mental health issues worsen. This app will give peacekeepers 24/7 access to essential resources, information, and support. The app is designed to provide immediate mental health guidance and help users identify potential issues before they become severe.  

    Although it is tailored for peacekeepers’ mental health, the app is open to everyone. 

    With the support of Member States and the UN’s continued dedication to peacekeeper well-being, the UN’s MindCompanion app is a significant step toward ensuring that mental health care is accessible for those serving in some of the world’s most challenging environments. The Web App is available at  https://un-mindcompanion.un.org and the Mobile app is available for download on the Google Play Store and the Apple App Store.

    MIL OSI United Nations News –

  • MIL-OSI United Nations: Human Rights Council Concludes Fifty-Seventh Regular Session after Adopting 37 Resolutions and One Statement by the President

    Source: United Nations – Geneva

    Council Extends Mandates of Nine Country and One Thematic Mandate Holders

    The Human Rights Council today concluded its fifty-seventh regular session after adopting 37 resolutions and one Statement by the President, in which it, among others, extended the mandates of nine country and one thematic mandate holders.

    The Council extended the mandate of the Office of the High Commissioner for Human Rights on promoting reconciliation, accountability and human rights in Sri Lanka under agenda item two.

    It extended for a period of one year the mandates of the independent international fact-finding mission for the Sudan under agenda item two; of the Special Rapporteur on the situation of human rights in Afghanistan, the Special Rapporteur on the situation of human rights in the Russian Federation, and the Special Rapporteur on the situation of human rights in Burundi, under agenda item four; and of the Independent Expert on the situation of human rights in Somalia, the Team of International Experts on the Democratic Republic of the Congo, and the Independent Expert on the situation of human rights in the Central African Republic under agenda item 10.

    Under agenda item four, the mandate of the independent international fact-finding mission on the Bolivarian Republic of Venezuela was extended for a period of two years. 

    The Council also decided to extend, for a period of three years, the mandate of the Special Rapporteur on the promotion and protection of human rights in the context of climate change.

    Further resolutions adopted concerned the thirtieth anniversary of the Beijing Declaration and Platform for Action; the role of good governance in the promotion and protection of human rights; countering cyberbullying; promotion of a democratic and equitable order; the use of mercenaries as a means of violating human rights and impeding the exercise of the right of peoples to self-determination; social reintegration of persons released from detention and persons subjected to non-custodial measures; the World Programme for Human Rights Education: the plan of action for the fifth phase; and on terrorism and human rights.

    Other resolutions concerned local government and human rights; the human rights to safe drinking water and sanitation; the human rights of migrants; human rights and indigenous peoples; promoting accessibility for the full enjoyment of all human rights by all; equal participation in political and public affairs; the elimination of domestic violence; the right to development; the situation of human rights in the Syrian Arab Republic; national human rights institutions; education as a tool to prevent racism, racial discrimination, xenophobia and related intolerance; from rhetoric to reality: a global call for concrete action against racism, racial discrimination, xenophobia and related intolerance; technical assistance and capacity-building to address the human rights implications of the nuclear legacy in the Marshall Islands; biodiversity and human rights; promotion, protection and enjoyment of human rights on the Internet; and youth and human rights.

    Resolutions on the enhancement of technical cooperation and capacity-building in the field of human rights; cooperation with Georgia; and technical assistance and capacity-building for Yemen in the field of human rights were also adopted.

    The President’s Statement adopted concerned the report of the Advisory Committee on its thirty-first session. 

    During the session, the Council adopted the final outcomes of the Universal Periodic Review of 14 States, namely those of New Zealand, Afghanistan, Chile, Cyprus, Viet Nam, Yemen, Vanuatu, North Macedonia, Comoros, Slovakia, Eritrea, Uruguay, the Dominican Republic and Cambodia.

    At the end of the session, the Council appointed four Special Procedures mandate holders: the Special Rapporteur on the situation of human rights in Belarus, Nils Muižnieks (Latvia); for the Working Group of Experts on People of African Descent, member from Western European and other States, Isabel Mamadou (Spain); for the Working Group on Enforced or Involuntary Disappearances, member from Asia-Pacific States, Mohammed Al-Obaidi (Iraq); and for the Working Group on the use of mercenaries as a means of violating human rights and impeding the exercise of the right of peoples to self-determination, member from Latin American and Caribbean States, Andrés Macias Tolosa (Colombia). 

    The Council also elected four members of its Advisory Committee: Frans Viljoen (African States), Miznah O.Alomair (Asia-Pacific States), Alessandra Devulsky (Latin American and Caribbean States), and Vassilis Tzevelekos (Western Europe and other States).

    Darius Staniulis, Vice-President and Rapporteur of the Human Rights Council, said over the past five weeks, the Council completed its extensive programme of work.  It held 23 interactive dialogues with Special Procedures mandate holders and expert mechanisms; nine interactive dialogues with the High Commissioner, Deputy High Commissioner, Assistant Secretary-General and other Office of the High Commissioner for Human Rights Representatives; five dialogues with international investigative mechanisms; five enhanced interactive dialogues; six panel discussions; and nine general debates.  The Council also adopted 14 outcomes of the Universal Periodic Review.  Finally, the Council completed the adoption of 37 resolutions and one President’s Statement across a wide range of issues.

    The Council adopted the draft report of the fifth-seventh session ad referendum.

    Omar Zniber, President of the Human Rights Council, in his concluding remarks,

    extended his deepest gratitude to the members of the Bureau, the Secretariat and all other United Nations staff for their cooperation, support and dedication during the session.  Mr. Zniber said the fifty-seventh session had been a success and was an example of multilateralism.

    The fifty-eighth regular session of the Human Rights Council is scheduled to be held from 24 February to 4 April 2025.

    Action on a Statement by the President Under Agenda Item One on Organizational and Procedural Matters

    In a Statement by the President (A/HRC/57/L.13) on the Report of the Advisory Committee, adopted without a vote, the Council takes note of the report of the Advisory Committee on its thirty-first session.

    Action on Resolutions Under Agenda Item Two on the Annual Report of the United Nations High Commissioner for Human Rights and Reports of the Office of the High Commissioner and the Secretary-General 

    In a resolution (A/HRC/57/L.1) on Promoting reconciliation, accountability and human rights in Sri Lanka, adopted without a vote, the Council decides to extend the mandate of the Office of the United Nations High Commissioner for Human Rights and all work requested of it by the Council in its resolution 51/1, and requests the Office to present an oral update to the Council at its fifty-eighth session and a comprehensive report on progress in reconciliation, accountability and human rights in Sri Lanka at its sixtieth session, to be discussed in an interactive dialogue.

    In a resolution (A/HRC/57/L.22) on Responding to the human rights and humanitarian crisis caused by the ongoing armed conflict in the Sudan, adopted by a vote of 23 in favour, 12 against and 12 abstentions, the Council reiterates its call for an immediate and complete ceasefire by all parties, without preconditions, and a negotiated and peaceful resolution to the conflict on the basis of inclusive, Sudan-owned and Sudan-led dialogue; decides to extend the mandate of the independent international fact-finding mission for the Sudan for a period of one year; requests the fact-finding mission to provide the Council with an oral update on its work at its fifty-ninth session and a comprehensive report at its sixtieth session, to be followed by an interactive dialogue, and to submit the report to the General Assembly at its eightieth session.

     In a resolution (A/HRC/57/L.24) on the Situation of human rights in Afghanistan, adopted without a vote, the Council decides to extend the mandate of the Special Rapporteur on the situation of human rights in Afghanistan for a period of one year, and requests the Special Rapporteur to present a report to the Council at its fifty-eighth session, including a separate study on the so-called “Law on propagation of virtue and prevention of vice”, to provide an oral update to the Council at its sixtieth session and to present a report to the General Assembly at its eightieth session; requests the Special Rapporteur to prepare a report on access to justice and protection for women and girls…and to present it to the Council at its fifty-ninth session, to be followed by an enhanced interactive dialogue; and also requests the Office of the High Commissioner to present, during an enhanced interactive dialogue at the sixtieth session of the Council, a comprehensive report, including a mapping of policies and practices, edicts and so-called laws by the Taliban that impair the enjoyment of human rights; and decides to remain seized of the matter.

    Action on Resolutions Under Agenda Item Three on the Promotion and Protection of All Human Rights, Civil, Political and Cultural Rights, Including the Right to Development 

    In a resolution (A/HRC/57/L.2) on Marking the thirtieth anniversary of the Beijing Declaration and Platform for Action, adopted without a vote , the Council decides to convene, during the high-level segment at its fifty-eighth session, a high-level panel discussion to commemorate the thirtieth anniversary of the Fourth World Conference on Women; invites the President of the Human Rights Council to consider the theme “Thirtieth anniversary of the Beijing Declaration and Platform for Action” for the annual high-level panel discussion on human rights mainstreaming, to be held at the fifty-eighth session of the Council; and also requests the High Commissioner to prepare a summary report on the panel discussion.

    In a resolution (A/HRC/57/L.5) on the Role of good governance in the promotion and protection of human rights, adopted without a vote, the Council requests the Human Rights Council Advisory Committee to prepare a study on the impact of artificial intelligence systems on good governance…highlighting good practices around the globe on the ways to develop, deploy, use and govern artificial intelligence systems, and to present the study to the Human Rights Council at its sixty-second session.

    In a resolution (A/HRC/57/L.7) on Countering cyberbullying, adopted without a vote, the Council decides to include the topic of countering cyberbullying against persons with disabilities in the context of its next annual interactive debate on the rights of persons with disabilities, to be held at its fifty-eighth session; requests the Office of the High Commissioner for Human Rights to prepare a report … on countering cyberbullying against older persons, and to present the report to the Council at its sixty-second session; and decides to remain seized of the matter.

    In a resolution (A/HRC/57/L.9) on the Promotion of a democratic and equitable international order, adopted by a vote of 27 in favour, 15 against and 5 abstentions, the Council calls upon States and the United Nations system to minimise the adverse impact of multiple interrelated global crises, including the COVID-19 pandemic, through the strengthening and enhancement of international cooperation; requests the High Commissioner for Human Rights to continue to provide all the human and financial resources necessary for the effective fulfilment of the mandate by the Independent Expert; and invites the Independent Expert to study and present concrete measures that can be adopted by States and international institutions to contribute to the promotion of a democratic and equitable international order and the transformation of the international financial architecture, in close cooperation with relevant stakeholders from all regions.

    In a resolution (A/HRC/57/L.10) on the Use of mercenaries as a means of violating human rights and impeding the exercise of the right of peoples to self-determination, adopted by a vote of 29 in favour, 14 against and 4 abstentions, the Council urges once again all States to exercise the utmost vigilance against the threat posed by the activities of mercenaries; and requests the Working Group on the use of mercenaries as a means of violating human rights and impeding the exercise of the right of peoples to self-determination to continue the work already carried out by previous mandate holders on the strengthening of international law and the international legal framework for the prevention and sanction of the recruitment, use, financing, arming and training of mercenaries, and to study and identify new sources and causes, emerging issues, manifestations and trends.

    In a resolution (A/HRC/57/L.17/Rev.1) on Social reintegration of persons released from detention and persons subjected to non-custodial measures, adopted without a vote, the Council requests the Office of the High Commissioner for Human Rights to prepare a comprehensive study, with practical recommendations on human rights and the social reintegration of persons released from detention and persons subjected to non-custodial measures, based on wide consultations with key stakeholders, and to present the study, accessible to persons with disabilities, to present to the Council at its sixtieth session.

    In a resolution (A/HRC/57/L.21) on the World Programme for Human Rights Education: the plan of action for the fifth phase, adopted without a vote, the Council reaffirms the continuation of the World Programme on Human Rights Education and launches its fifth phase, for the period 2025-2029; and decides to convene at its sixty-third session a high-level panel discussion to mark the fifteenth anniversary of the United Nations Declaration on Human Rights Education and Training, further decides that the discussion will be fully accessible to persons with disabilities, and requests the Office of the High Commissioner to prepare a summary report of the discussion and to submit it to the Council by its sixty-fourth session. 

    In a resolution (A/HRC/57/L.3) on Terrorism and human rights, adopted without a vote, the Council calls upon States to ensure that any measure taken to counter terrorism and violent extremism conducive to terrorism complies with international law; invites the Special Rapporteur on the promotion and protection of human rights and fundamental freedoms while countering terrorism to pay attention to the negative effect of terrorism on the enjoyment of human rights and fundamental freedoms, and to make recommendations in this regard; and decides to remain seized of this matter.

    In a resolution (A/HRC/57/L.6) on Local government and human rights, adopted without a vote, the Council requests the Office of the High Commissioner for Human Rights to convene a one-day panel discussion … prior to the sixtieth session of the Council, to exchange and review the best practices of States, local governments and other relevant stakeholders in overcoming the various challenges that local governments face in promoting and protecting human rights; also requests the Office of the High Commissioner to prepare a report … in which it compiles and analyses the best practices of States, local governments and other relevant stakeholders in overcoming the various challenges that local governments face in promoting and protecting human rights, taking into account the results of the panel, and to present the report to the Council at its sixty-third session. 

    In a resolution (A/HRC/57/L.23/Rev.1) on the Human rights to safe drinking water and sanitation, adopted without a vote, the Council decides to convene, at its fifty-ninth session, a panel discussion on the realisation of the human rights to safe drinking water and sanitation, and also decides that the discussion shall be fully accessible to persons with disabilities, including through the provision of hybrid modalities; and requests the High Commissioner for Human Rights to prepare a summary report on the panel discussion and to present it to the Council at its sixty-first session. 

    In a resolution (A/HRC/57/L.27) on the Human rights of migrants, adopted without a vote, the Council requests the Office of the High Commissioner to prepare a study on human rights monitoring in the context of migration, including at international borders, in consultation with States and other relevant stakeholders, and to submit the study to the Council before its sixtieth session; to convene a one-day intersessional panel discussion, accessible to persons with disabilities, and with appropriate gender representation, on measures to prevent, counter and address dehumanising and harmful narratives about migrants and migration, hate speech, xenophobia and related forms of intolerance against migrants; to ensure the meaningful participation of migrants and their family members; and to prepare a summary report on the panel discussion and the recommendations resulting from it, and to submit the report to the Council at its sixty-second session and to the General Assembly at its eighty-first session; and decides to remain seized of the matter. 

    In a resolution (A/HRC/57/L.29/Rev.1) on Human rights and Indigenous Peoples, adopted without a vote, the Council decides that the theme of the annual half-day panel discussion on the rights of Indigenous Peoples, to be held during the sixtieth session of the Council, will be the rights of Indigenous Peoples in the context of a just transition to sustainable energy systems, including in relation to critical minerals, and requests the Office of the High Commissioner to encourage and facilitate the participation of Indigenous women and youth in the panel, to make the discussion fully accessible to and inclusive for persons with disabilities, and to prepare a summary report on the discussion for submission to the Council prior to its sixty-second session; and invites the General Assembly to consider holding a high-level plenary meeting on the occasion of the twentieth anniversary of the United Nations Declaration on the Rights of Indigenous Peoples, during its eighty-second session, and to evaluate the implementation of the outcome document of the World Conference on Indigenous Peoples.

    In a resolution (A/HRC/57/L.33) on Promoting accessibility for the full enjoyment of all human rights by all, adopted without a vote (as orally revised), the Council invites the Office of the High Commissioner for Human Rights to continue to provide technical assistance and capacity-building support to States upon their request in developing and implementing policies and programmes on accessibility, to continue to share its expertise with the relevant intergovernmental organizations and United Nations agencies, funds and programmes and to assist the relevant special procedure mandate holders and treaty bodies to integrate the view of accessibility for all from the perspective of the full enjoyment of all human rights by all into their work in close consultation with the relevant stakeholders.

    In a resolution (A/HRC/57/L.34) on the Equal participation in political and public affairs, adopted without a vote, the Council calls upon all States to enhance the political participation of all women, and to address violence against women participating in political and public affairs; and requests the Office of the High Commissioner for Human Rights to continue its dissemination and promotion of the guidelines on the effective implementation of the right to participate in public affairs … and to prepare, in consultation with States and all other relevant stakeholders, a follow-up report on good practices and challenges that States face when using the guidelines, with a particular focus on participation in elections, and to present the report to the Council at its sixty-third session.

    In a resolution (A/HRC/57/L.35/Rev.1) on the Elimination of domestic violence, adopted without a vote (as orally revised), the Council decides to convene an intersessional panel discussion on the intensification of efforts to prevent and eliminate domestic violence, before its sixty-first session, and requests the Office of the United Nations High Commissioner for Human Rights to organise the panel discussion … and requests the Office of the High Commissioner to prepare a comprehensive report … on how to address structural and underlying causes and risk factors to prevent domestic violence, in consultation with States and all relevant stakeholders, and to present the report to the Council at its sixty-second session.

    In a resolution (A/HRC/57/L.19) on the Right to development, adopted by a vote of 29 in favour, 14 against and 4 abstentions, the Council requests the High Commissioner for Human Rights to continue to submit to the Council an annual report on the activities of the Office of the High Commissioner, including on inter-agency coordination within the United Nations system that has direct relevance to the realisation of the right to development; requests the Special Rapporteur and the members of the Expert Mechanism to participate in relevant international dialogues and policy forums relating to the implementation of the 2030 Agenda; requests the Office of the High Commissioner to organise the next biennial panel discussion on the right to development, to be held at its sixty-third session, in a format that is fully accessible to persons with disabilities, including sign language interpretation; and also requests the Office to prepare a report on the panel discussion and to submit it to the Council at its sixty-sixth session. 

    In a resolution (A/HRC/57/L.26) on Biodiversity and human rights, adopted without a vote, the Council requests the High Commissioner for Human Rights to conduct a global analytical study on the implementation of a human-rights based approach into the goals and targets of the Kunming-Montreal Global Biodiversity Framework, to be submitted to the Council at its sixty-first session; and encourages the Office of the High Commissioner to cooperate with other relevant United Nations organizations and bodies, as well as with Indigenous Peoples, people of African descent and groups in vulnerable situations on advancing human rights-based biodiversity action. 

    In a resolution (A/HRC/57/L.28) on the Promotion, protection and enjoyment of human rights on the Internet, adopted without a vote (as orally revised), the Council calls upon all States to accelerate efforts to bridge digital divides, including the gender digital divide, and to take the necessary and appropriate measures to promote free, open, interoperable, reliable, accessible and secure access to the Internet; and requests the Office of the High Commissioner for Human Rights to prepare a report on a human rights approach to meaningful connectivity and to overcoming digital divides, including by addressing threats to individuals’ access to the Internet, and to present it to the Council at its sixty-second session, to be followed by an interactive dialogue. 

    In a resolution (A/HRC/57/L.30) on Youth and human rights, adopted without a vote, the Council decides that the theme of the next biennial panel discussion, to be held during the sixtieth session of the Council, will be the role of youth in fostering peaceful societies and creating an enabling environment for the enjoyment of human rights by all, and requests the Office of the High Commissioner to organise the panel discussion following consultations with youth and youth-led organizations and to prepare a summary report on the panel discussion for consideration by the Council at its sixty-first session; and requests the Office of the High Commissioner, in consultation with States and relevant stakeholders, to conduct a detailed study on the impact of mental health challenges on the enjoyment of human rights by young people and to submit the study to the Council for consideration prior to its sixty-third session. 

    Before the resolution was adopted, the Council took action on and rejected amendment L.39.

    In a resolution (A/HRC/57/L.31/Rev.1) on the Mandate of the Special Rapporteur on the promotion and protection of human rights in the context of climate change, adopted without a vote (as orally revised), the Council decides to extend for a period of three years the mandate of the Special Rapporteur on the promotion and protection of human rights in the context of climate change under the same terms as provided for by the Council in its resolution 48/14; and requests the Special Rapporteur to report annually on the implementation of the mandate to the Council and the General Assembly in accordance with their programmes of work.

    Action on Resolutions Under Agenda Item Four on Human Rights Situations that Require the Council’s Attention 

    In a resolution (A/HRC/57/L.4) on the Situation of human rights in the Russian Federation, adopted by a vote of 20 in favour, 8 against and 19 abstentions, the Council decides to extend the mandate of the Special Rapporteur on the situation of human rights in the Russian Federation as defined by the Council in its resolution 54/23 for a period of one year, and requests the mandate holder to … present a comprehensive report to the Council at its sixtieth session and to the General Assembly at its eightieth session; and calls upon the Russian authorities to establish full and non-selective engagement with all United Nations human rights mechanisms, and to refrain from all forms of intimidation and reprisal against persons and associations for their cooperation with United Nations human rights mechanisms. 

    In a resolution (A/HRC/57/L.11) on the Situation of human rights in the Syrian Arab Republic, adopted by a vote of 26 in favour, 4 against and 17 abstentions, the Council demands that all parties to the conflict in the Syrian Arab Republic immediately comply with their respective obligations under international humanitarian law and international human rights law, and emphasises the need to ensure that all those responsible for such violations and abuses are held to account and that civilians are protected; and demands that the Syrian authorities cooperate fully with the Council and the Independent International Commission of Inquiry on the Syrian Arab Republic by granting the Commission immediate, full and unfettered access throughout the Syrian Arab Republic; demands that all parties to the conflict maintain rapid, unhindered, safe and sustainable humanitarian access and ensure that humanitarian assistance reaches its intended recipients.

    In a resolution (A/HRC/57/L.12) on the Situation of human rights in Burundi, adopted by a vote of 22 in favour, 10 against and 15 abstentions, the Council strongly condemns all human rights violations and abuses committed in Burundi; decides to extend the mandate of the Special Rapporteur on the situation of human rights in Burundi for a further period of one year; and requests the Special Rapporteur to present to the Human Rights Council, at its fifty-ninth session, an oral update on the situation of human rights in Burundi, and also to submit to the Council, at its sixtieth session, and to the General Assembly, at its eightieth session, a comprehensive report.

    In a resolution (A/HRC/57/L.8) on the Situation of human rights in the Bolivarian Republic of Venezuela, adopted by a vote of 23 in favour, 6 against and 18 abstentions (as orally revised), the Council decides to extend for a period of two years the mandate of the independent international fact-finding mission on the Bolivarian Republic of Venezuela to enable the mission to continue to investigate gross violations of human rights committed since 2014, with a particular focus on the situation of human rights in the lead-up to, during and after the 2024 presidential elections, and on the violence by armed individuals known as colectivos; and urges the Bolivarian Republic of Venezuela to resume cooperation in a full manner with the Office of the High Commissioner for Human Rights and the fact-finding mission. 

    Before the resolution was adopted, the Council took action on and rejected amendments L.40, L.41, L.42, L.43 and an oral amendment.

    Action on a Resolution Under Agenda Item Eight on Follow-up and Implementation of the Vienna Declaration and Programme of Action

    In a resolution (A/HRC/57/L.16) on National human rights institutions, adopted without a vote (as orally revised), the Council requests the Secretary-General and the High Commissioner for Human Rights to provide the Office of the High Commissioner with the financial and human resources necessary for the servicing of the sessions of the Subcommittee on Accreditation of the Global Alliance of National Human Rights Institutions; and requests the Secretary-General to submit to the Council, at its sixty-third session, a report on the implementation of the present resolution … and a report on the activities of the Global Alliance of National Human Rights Institutions in accrediting national institutions in compliance with the Paris Principles.         

    Action on Resolutions Under Agenda Item 9 on Racism, Racial Discrimination, Xenophobia and Related Forms of Intolerance, Follow-Up to and Implementation of the Durban Declaration and Programme of Action

    In a resolution (A/HRC/57/L.25) on Education as a tool to prevent racism, racial discrimination, xenophobia and related intolerance, adopted without a vote (as orally revised), the Council urges States, in particular, to adopt and implement laws, policies and programmes that prohibit and combat discrimination on the basis of race, colour, descent or national or ethnic origin, at all levels of education, both formal and non-formal; and requests the High Commissioner for Human Rights to submit to the Council at its sixty-third session a comprehensive report, accessible to persons with disabilities, including in an accessible and easy to read format, analysing relevant education-related practices and measures to prevent racism, racial discrimination, xenophobia and related intolerance, with input from all relevant stakeholders. 

    In a resolution (A/HRC/57/L.36/Rev.1) on From rhetoric to reality: a global call for concrete action against racism, racial discrimination, xenophobia and related intolerance, adopted by a vote of 30 in favour, 5 against and 12 abstentions, the Council decides that the Chair-Rapporteur of the Ad Hoc Committee on the Elaboration of Complementary Standards to the International Convention on the Elimination of All Forms of Racial Discrimination may request that the annual session of the Ad Hoc Committee be split into two full one-week segments; requests the High Commissioner for Human Rights to facilitate the interactive participation of six legal experts in one of the two full one-week segments of the fifteenth and sixteenth sessions of the Ad Hoc Committee, to be held in 2025 and 2026 respectively; requests the Chair-Rapporteur of the Ad Hoc Committee to present in person a progress report to the General Assembly at its eightieth session, and to participate in the interactive dialogue and carry out consultations to continue progress in the elaboration of complementary standards to the Convention; reiterates its decision to request the Group of Independent Eminent Experts on the Implementation of the Durban Declaration and Programme of Action to report annually on its session and activities to the Council, and that its report will be also transmitted and presented to the General Assembly, and in this regard requests the Chair of the Group to engage in an interactive dialogue with the Assembly under the agenda item entitled “Elimination of racism, racial discrimination, xenophobia and related intolerance”; and encourages the General Assembly to proclaim a second International Decade for People of African Descent commencing in 2025. 

    Action on Resolutions Under Agenda Item 10 on Technical Assistance and Capacity-Building 

    In a resolution (A/HRC/57/L.14) on Technical assistance and capacity-building to address the human rights implications of the nuclear legacy in the Marshall Islands, adopted without a vote, the Council requests the Office of the High Commissioner for Human Rights to cooperate with the Government of the Marshall Islands in the field of human rights and to provide technical assistance and capacity-building to the National Nuclear Commission of the Marshall Islands in advancing its national strategy for nuclear justice and pursuing transitional justice in its efforts to address the nuclear legacy; and requests the Office of the High Commissioner to prepare a report on addressing the challenges and barriers to the full realisation and enjoyment of the human rights of the people of the Marshall Islands, stemming from the State’s nuclear legacy, and to submit it to the Council at its sixty-third session, to be followed by an enhanced interactive dialogue.

    In a resolution (A/HRC/57/L.15) on Assistance to Somalia in the field of human rights, adopted without a vote, the Council decides to renew the mandate of the Independent Expert on the situation of human rights in Somalia, under agenda item 10, for a period of one year, to assess, monitor and report on the situation of human rights in Somalia; requests the Independent Expert to report to the Council at its sixtieth session and to the General Assembly at its eightieth session; and also requests the Independent Expert to provide an update to the Council in her report on progress on the implementation of the benchmarks and indicators in the transition plan to inform future action by the Council.

    In a resolution (A/HRC/57/L.18) on the Enhancement of technical cooperation and capacity-building in the field of human rights, adopted without a vote, the Council decides … that the theme of the annual thematic panel discussion under agenda item 10, to be held at its fifty-ninth session, will be “The role of technical cooperation and capacity-building in strengthening national structures which play a role in promoting and safeguarding human rights, particularly national human rights institutions and national mechanisms for implementation, reporting and follow-up”; and also requests the Office of the High Commissioner to prepare a report, to be submitted to the Human Rights Council at its fifty-ninth session, to serve as a basis for the panel discussion, on the role of technical cooperation and capacity-building among States, the Office and other relevant stakeholders, to support States’ efforts to strengthen national structures which play a role in promoting and safeguarding human rights.

    In a resolution (A/HRC/57/L.20) on Cooperation with Georgia, adopted by a vote of 24 in favour, 3 against and 20 abstentions, the Council demands that immediate and unimpeded access be given to the Office of the High Commissioner for Human Rights and other international and regional human rights mechanisms to Abkhazia, Georgia, and the Tskhinvali region/South Ossetia, Georgia; requests the High Commissioner for Human Rights to present to the Council an oral update on the follow-up to the present resolution at its fifty-eighth session and to present a report on developments relating to and the implementation of the present resolution at its fifty-ninth session; and also requests the High Commissioner to continue to provide technical assistance through the Office of the High Commissioner in Tbilisi.

    In a resolution (A/HRC/57/L.37) on Technical assistance and capacity-building in the field of human rights in the Democratic Republic of the Congo, adopted without a vote, the Council decides to renew, for one year, the mandate of the team of international experts on the Democratic Republic of the Congo, and requests the team to provide the necessary technical support to the Government in implementing effectively its National Transitional Justice Policy, in particular by taking account of the cross-border nature of conflict and insecurity in the Great Lakes, identifying the causes of conflict and preventing their recurrence, and designing and implementing mechanisms for transitional justice and the fight against impunity, and encourages it to support the Government in this regard; requests the team of international experts to submit its final report to the Council, in the framework of an enhanced interactive dialogue, at its sixtieth session and to present it with an oral update at its fifty-eighth session; requests the High Commissioner to present the Council with an oral update on the situation of human rights in the Democratic Republic of the Congo, in the framework of an enhanced dialogue, at its fifty-eighth session; also requests the High Commissioner to prepare a comprehensive report on the situation of human rights in the Democratic Republic of the Congo and to submit it to the Council, in the framework of an enhanced interactive dialogue, at its sixtieth session; and decides to remain seized of the matter until its sixtieth session.

    In a resolution (A/HRC/57/L.38/Rev.1) on Technical assistance and capacity-building in the field of human rights in the Central African Republic, adopted without a vote, the Council decides to renew, for one year, the mandate of the Independent Expert on the situation of human rights in the Central African Republic, which is to assess, monitor and report on the situation with a view to making recommendations relating to technical assistance and capacity-building in the field of human rights; requests the Independent Expert to pay particular attention to violations of human rights and international humanitarian law alleged to have been committed by all parties to the conflict; decides to convene, at its fifty-eighth session, a high-level dialogue to enable it to assess human rights developments on the ground…; requests the Independent Expert to provide an oral update on his report on technical assistance and capacity-building in the field of human rights in the Central African Republic to the Human Rights Council at its fifty-ninth session and to submit a written report to the Council at its sixtieth session and to the General Assembly at its eightieth session; and requests the United Nations High Commissioner for Human Rights to continue to provide the Independent Expert with all the necessary technical, human and financial resources to enable him to carry out fully his mandate.

    In a resolution (A/HRC/57/L.32) on Technical assistance and capacity-building for Yemen in the field of human rights, adopted without a vote, the Council requests the High Commissioner for Human Rights to continue to provide substantive capacity-building and technical assistance to the Government of Yemen and all requisite technical and logistical support to the National Commission of Inquiry, to enable it to continue to investigate allegations of violations and abuses committed by all parties to the conflict in Yemen and to submit its comprehensive report on alleged violations and abuses of human rights in all parts of Yemen as soon as it is available; and requests the High Commissioner to present a report on the implementation of technical assistance, as stipulated in the present resolution, to the Council at its sixtieth session.

    Other Matters 

    The Council appointed four Special Procedures mandate holders: the Special Rapporteur on the situation of human rights in Belarus, Nils Muižnieks (Latvia); for the Working Group of Experts on People of African Descent, member from Western European and other States, Isabel Mamadou (Spain); for the Working Group on Enforced or Involuntary Disappearances, member from Asia-Pacific States, Mohammed Al-Obaidi (Iraq); and for the Working Group on the use of mercenaries as a means of violating human rights and impeding the exercise of the right of peoples to self-determination, member from Latin American and Caribbean States, Andrés Macias Tolosa (Colombia). 

    The Council elected four members of its Advisory Committee: Frans Viljoen (African States), Miznah O.Alomair (Asia-Pacific States), Alessandra Devulsky (Latin American and Caribbean States), and Vassilis Tzevelekos (Western Europe and other States).

    The Council also adopted its draft report for the fifty-seventh session ad referendum.

    Bureau of the Council

    The President of the Council is Omar Zniber of Morocco.  The four Vice-Presidents are Febrian Ruddyard (Indonesia); Darius Staniulis (Lithuania); Marcela Maria Arias Moncada (Honduras); and Heidi Schroderus-Fox (Finland).  Mr. Staniulis also served as Rapporteur.

     

    Produced by the United Nations Information Service in Geneva for use of the media; 
    not an official record. English and French versions of our releases are different as they are the product of two separate coverage teams that work independently.

    HRC24.030E

    MIL OSI United Nations News –

  • MIL-OSI United Nations: Principals of Affected United Nations entities and International Non-Governmental Organizations renew their call for the immediate release of detained personnel

    Source: United Nations secretary general

    We are extremely concerned about the reported referral to “criminal prosecution” by the Houthi de facto authorities of a significant number of arbitrarily detained colleagues, including three United Nations personnel—two from UNESCO and one from the UN Human Rights Office (OHCHR)—who were detained in 2021 and 2023.
    At a time when we were hoping for the release of our colleagues, we are deeply distressed by this reported development. The potential laying of “charges” against our colleagues is unacceptable and further compounds the lengthy incommunicado detention they have already endured.
    Such a decision further raises serious concerns about the safety and security of our staff and their families, and will further impede our ability to reach millions of Yemenis who need humanitarian aid and protection, with detrimental consequences for their well-being and status.
    We, the Principals of the affected United Nations entities and International Non-Governmental Organizations (NGOs), renew our urgent call for the immediate and unconditional release of all personnel from UN entities, international and national non-governmental organizations, civil society organizations, and diplomatic missions arbitrarily detained in Yemen by the de facto authorities.
    The targeting of humanitarians in Yemen—including arbitrary detention, intimidation, mistreatment, and false allegations—must stop, and all those detained must be released immediately.
    The United Nations, INGOs, and partners are working through all possible channels and with multiple governments to secure the immediate release of those detained.

    Signed by:
    Achim Steiner, Administrator, United Nations Development Programme, UNDP
    Amitabh Behar, Executive Director, OXFAM International
    Audrey Azoulay, Director-General, UNESCO
    Catherine Russell, Executive Director, UNICEF
    Cindy McCain, Executive Director, WFP
    Dr Tedros Adhanom Ghebreyesus, WHO Director-General
    Hans Grundberg, Special Envoy of the UN Secretary-General for Yemen
    Inger Ashing, Chief Executive Officer, Save the Children International
    Reintje van Haeringen, CEO, CARE Nederland and Executive Committee Chair, CARE International
    Volker Türk, High Commissioner for Human Rights

    رؤساء الكيانات المتأثرة التابعة للأمم المتحدة والمنظمات غير الحكومية الدولية يجددون نداءهم للإفراج فوراً عن الموظفين المحتجزين

    يساورنا قلق بالغ إزاء ما ورد بشأن إحالة سلطات الأمر الواقع الحوثية لعدد كبير من الزملاء المحتجزين تعسفًا إلى “النيابة الجزائية”، من بينهم ثلاثة من موظفي الأمم المتحدة، اثنان من اليونسكو وواحد من مكتب مفوضية الأمم المتحدة السامية لحقوق الإنسان، الذين تم اعتقالهم في عامي 2021م و2023م.

    ينتابنا حزن شديد إزاء تلقي خبر هذا التطور المبلغ عنه في الوقت الذي كنا نأمل فيه إطلاق سراح زملائنا. إن توجيه “اتهامات” محتملة ضد زملائنا أمر غير مقبول ويزيد من فترة احتجازهم دون أي تواصل الذي عانوا منه بالفعل.

    كما يثير هذا القرار مخاوف جدية بشأن سلامة وأمن موظفينا وأسرهم، وسيعيق بشكل أكبر قدرتنا على الوصول إلى ملايين الناس في اليمن الذين هم بحاجة إلى المساعدات الإنسانية وخدمات الحماية، الأمر الذي ينعكس سلبًا على سلامتهم ووضعهم.

    نحن، رؤساء الكيانات المتأثرة التابعة للأمم المتحدة والمنظمات غير الحكومية الدولية، نجدد نداءنا العاجل للإفراج الفوري وغير المشروط عن جميع موظفي وكالات الأمم المتحدة، والمنظمات غير الحكومية الدولية والوطنية، ومنظمات المجتمع المدني، والبعثات الدبلوماسية المحتجزين بصورة تعسفية في اليمن من قبل سلطات الأمر الواقع.

    يجب إيقاف استهداف العاملين في المجال الإنساني في اليمن، بما في ذلك الاحتجاز التعسفي، والتخويف، وسوء المعاملة، والادعاءات الباطلة، كما يجب الإفراج الفوري عن جميع المحتجزين.

    تعمل الأمم المتحدة والمنظمات غير الحكومية الدولية والشركاء عبر جميع القنوات الممكنة ومع حكومات متعددة لضمان إطلاق سراح هؤلاء المحتجزين.

    وقع على البيان كل من:

    أخيم شتاينر، مدير برنامج الأمم المتحدة الإنمائي

    الدكتور/تيدروس أدهانوم غيبريسوس، المدير العام لمنظمة الصحة العالمية

    إنجر أشينغ، الرئيس التنفيذي لمنظمة رعاية الأطفال الدولية

    أميتاب بيهار، المدير التنفيذي لمنظمة أوكسفام الدولية

    أودري أزولاي، المديرة العامة لمنظمة الأمم المتحدة للتربية والعلم والثقافة (يونسكو)

    سيندي هينسلي ماكين، المديرة التنفيذية لبرنامج الأغذية العالمي

    فولكر تورك، مفوض الأمم المتحدة السامي لحقوق الإنسان

    كاثرين راسل، المديرة التنفيذية لليونيسف

    رينتجي فان هايرينجن، الرئيس التنفيذي لمنظمة كير هولندا ورئيس اللجنة التنفيذية لمنظمة كير الدولية

    هانس غروندبرغ، المبعوث الخاص للأمين العام للأمم المتحدة إلى اليمن

    MIL OSI United Nations News –

  • MIL-OSI United Nations: 4 ways countries are strengthening women’s participation in security efforts

    Source: United Nations – Peacekeeping

    Written by Elssa Gbeily, a Strategic Communications Intern from Belgium and Lebanon focusing on gender issues with the UN Department of Peace Operations. She has a background in gender, peace and security.

    The full, equal and meaningful participation of women in all peacekeeping areas has been found to make our operations more effective and lets us better reflect and engage with the communities we serve. However, according to the latest data available, women still make up approximately 10% of peacekeeping’s police and military personnel.

    As UN military and police personnel are contributed by Member States, drawing from their own security institutions, troop and police contributors are critical to closing this gender gap. To help empower women peacekeepers and increase their numbers, UN Member States have committed to promote equal opportunity for all in their own security and defence institutions by identifying and removing barriers to women serving. This is making their own security sectors stronger while also leading to the deployment of more diverse military and police contingents to peacekeeping missions.

    On 17 October, the UN released its first-ever report on this issue, “Towards Equal Opportunity for Women in the Defence Sector.” It highlights that, despite the efforts of Member States to achieve gender equality, challenges and barriers still exist, making this a key issue for all. The report also showcases some innovative solutions that countries are using to boost women’s participation. Here are four standout best practices from the report:

    1. India: expanding opportunities for women in the armed forces

    India, a top contributor to UN peace operations, has made significant strides toward integrating women into its military forces. In 2020, the Indian Army began offering women permanent positions, giving them equal opportunities for career advancement. By 2022, the National Defence Academy admitted its first female cadets, symbolizing progress in building gender-equal pathways in military leadership.

    2. Canada: reforming military culture to promote inclusivity

    Canada is spearheading military reforms to eliminate gender bias and address sexual misconduct. In 2021, they established a Chief of Professional Conduct and Culture (CPCC to foster a safe and respectful environment for all service members. This cultural shift enhances the operational effectiveness of Canadian forces and, in turn, strengthens Canada’s peacekeeping deployments by ensuring inclusive participation.

    Colonel Marie-Ève Bégin, the Director General of the CPCC, highlighted that “the creation of [this new structure] shows our commitment to improving our organization’s culture.”

    3. Uruguay: empowering women in the armed forces through family support

    Uruguay has introduced initiatives to support women in its military, with a focus on deployment, helping them balance military service with caregiver responsibilities. With support from the Elsie Initiative Fund, the Ministry of Defence provides scholarships to cover childcare and elder care costs for deployed women and single parent families, regardless of gender, ensuring that caregiver obligations do not hinder participation in military operations and peacekeeping deployments.

    4. Ghana: training women for leadership in peacekeeping

    Ghana, another of UN Peacekeeping’s top troop-contributing countries, is addressing the challenge of advancing women’s careers in the national army by focusing on skills development, including in operational and tactical fields that are traditionally male-dominated, as well as on leadership opportunities.

    “We should continue to challenge gender stereotypes, call out discrimination, draw attention to biases and seek out inclusion,” says Commodore Faustina Anokye, the highest-ranking female officer in the history of the Ghanaian navy who also served as Deputy Force Commander of the UN peacekeeping mission in the Western Sahara (MINURSO).

    A global commitment to inclusive security

    Removing barriers to women who want to serve in the defence sector is a key way Member States are meeting their commitment to promote gender equality in peacekeeping missions. “If these institutions are not inclusive and representative,” said Alexandre Zouev, Assistant Secretary-General for Rule of Law and Security Institutions, “our gender parity efforts in peacekeeping will inevitably fall short.”

    Departments across the UN, through their Security Sector Reform (SSR) initiatives, are supporting Member States’ efforts to promote women’s participation in their defence sectors. The UN has also launched the Braking Barriers, Building Peace advocacy campaign, which is promoting equal opportunities in defence and security sectors around the world.  Through this work, the UN and its Member State partners are making peacekeeping more representative and responsive to diverse security needs, which is especially critical in today’s complex conflict environments.

    By committing to gender equality, the UN and its Member States are building more inclusive societies and enhancing sustainable peace and security for all.

    —

    This story is part of the “Action for Peacekeeping” (A4P) story series, which reports on efforts by the UN, its Member States, and other partners to strengthen peacekeeping operations, and the impact they have for people living in conflict areas.

    Women, Peace and Security is a key area of the A4P agenda and its implementation strategy A4P+, which seeks to enhance accountability to our peacekeepers. Supporting women’s full, equal, and meaningful participation in peace and political processes is central to enhancing operational effectiveness in peacekeeping and sustaining peace.

    MIL OSI United Nations News –

  • MIL-OSI USA News: A Proclamation on National School Lunch Week,  2024

    Source: The White House

         America’s children deserve every opportunity to live fulfilling and healthy lives, and nutritious meals are key components in building those lives.  During National School Lunch Week, we reaffirm that the health and well-being of our Nation’s children are a national priority.  We recommit to doing everything we can to end child hunger.  And we celebrate school nutrition professionals, who do the critical work of planning, preparing, and serving nutritious school meals to more than 30 million students each day.

          Healthy school lunches benefit our Nation’s students and their families.  Fueled by a good lunch, students can better focus in the classroom and be set up for success throughout the rest of their day.  Free and reduced-price school meals provide families with some breathing room.  And for families that live in areas where there are no grocery stores with healthy food options nearby, school meals can be a lifeline — offering children reliable, nutritious meals.

         My Administration is committed to putting a healthy school lunch within reach of all our Nation’s children, no matter their family’s income.  That is why we are giving more schools the option to make free school meals available to every student, and we published a final rule updating nutrition standards for school meals to improve children’s health.  For the first time since 1975, we modernized the Thrifty Food Plan, making a healthy diet more affordable for the millions of families with Supplemental Nutrition Assistance Program benefits.  These actions are a part of our national strategy to end hunger and reduce diet-related diseases by 2030.  That plan includes the goal of expanding access to healthy, free school meals to nine million more kids — working toward a future where every kid has access to one.  We also hosted the first White House Conference on Hunger, Nutrition, and Health in over 50 years.  Since then, we have galvanized over $10 billion in external commitments dedicated to ending hunger and reducing diet-related diseases in children and families across the country.  Furthermore, we are giving schools the resources they need to purchase food from local farmers and ranchers and cook meals from scratch — giving kids healthier options and powering our rural economy.

         My Administration is taking steps to ensure our Nation’s children and families do not go hungry and can afford healthy food.  This year my Administration launched SUN Bucks — also referred to as Summer Electronic Benefits Transfer — to provide families with money to buy groceries when school is out, reaching an estimated 21 million children.  My American Rescue Plan expanded the Child Tax Credit, slashing child poverty by nearly 50 percent and helping keep food on the table for millions of families during the pandemic.  I continue to call on the Congress to restore the enhanced Child Tax Credit to ensure families have the money they need to feed and care for their kids.

         During National School Lunch Week, we recognize how important school lunches are to kids and families alike and recommit to expanding access to healthy, free school meals to support the health of the next generation.  And we thank all the school staff, school nutrition professionals, educators, and school leaders, whose tireless work nourishes the future leaders of our Nation. 

         NOW, THEREFORE, I, JOSEPH R. BIDEN JR., President of the United States of America, by virtue of the authority vested in me by the Constitution and the laws of the United States, do hereby proclaim October 13 through October 19, 2024, as National School Lunch Week.  I call upon all Americans to recognize and commemorate all those who operate the National School Lunch Program with activities that raise awareness of the steadfast efforts in support of the health and well-being of our Nation’s children.

        IN WITNESS WHEREOF, I have hereunto set my hand this
    eleventh day of October, in the year of our Lord two thousand twenty-four, and of the Independence of the United States of America the two hundred and forty-ninth.

                            JOSEPH R. BIDEN JR.

    MIL OSI USA News –

  • MIL-OSI USA News: Remarks by President  Biden on the Response to Hurricane Milton | St. Pete Beach,  FL

    Source: The White House

    Residential Area
    St. Pete Beach, Florida

    11:34 A.M. EDT

    THE PRESIDENT:  Hello, folks. 

    I just met a number of the homeowners, been wiped out, and the — everything from the Coast Guard to the fire department.  It’s a hell of a deal.

    I’m here in Florida for the second time in two weeks and — to survey the damage from another catastrophic storm: Hurricane Milton.  Thankfully, the storm’s impact was not as cataclysmic as had — we had predicted.  But on top of two [one] before it, it just keeps s- — seem we got to get — getting worse. 

    And bu- — you know, but for some individuals, it was cataclysmic — all those folks who not only lost their homes but, more importantly, those folks who lost their lives, lost family members, lost all their personal belongings.  Entire neighborhoods were flooded, and millions — millions were without power.

    Earlier this morning, I did an aerial tour of Saint Petersburg and the battered coastline.  I flew over Tropicana Field and — where the Tampa Bays play — Rays play, and the roof was almost completely off.  But thank God not many people were injured.

    I spoke with first responders who’ve been working around the clock.  I also met with small-business owners here and homeowners who’ve taken a real beating — these back-to-back storms.  And they’re heartbroken and exhausted, and their expenses are piling up.

    And I know from experience how devastating it is to lose your home.  Several years ago, my home was struck by lightning.  It didn’t all burn down, but we were out of the home for seven months while it was being repaired.  The thing I was most concerned about was not just the home; it was all those things, all those — all those pictures I saved, my — and my daughter had drawn when she was little, all the — all the family photographs, all the albums, all the things that really matter.  

    Folks, the — the fact is that when you lose your wedding ring and the old photos of your children, family keepsakes, things that can’t be replaced — but sometimes, from my own experience, that’s the part that hurts the most.

    And I’m standing next to the mayor of Pete’s Beach and the Chairwoman Peters.  Both their homes were damaged in Hurricane Milton.  The mayor’s home flooded, family vehicles washed away.  The county chair’s home had experienced significant damage in the past two storms previous.  They just finished rebuilding and settling back in, and now they have to do it all over again.   

    Both their families lost precious personal belongings, but they’ve stepped up not only to look out for themselves but to help other families, help their neighbors.  You know, that’s the resilience of the people of West Florida.

    And I want to thank them and all the public officials who suffered consequential losses because of the storm but who are out there doing things to help other people who had serious losses.  It matters.  The American people should know the sacrifices they’re making.

    You know, they’ve been steadfast partners as well.  We’ve been in frequent contact.

    And it’s in moments like this we come together to take care of each other, not as Democrats or Republicans but as Americans — Americans who need help and Americans who would help you if you were in the same situation.  We are one United States — one Unites States.

    I also came here to talk about all the progress we have made together.  This is a whole-of-government effort, from state and local to FEMA to U.S. Coast Guard, Army Corps of Engineers, the Energy Department, Environmental Protection Agency, Department of Defense, just to name a few.

    FEMA has delivered 1.2 million meals, over 300,000 liters of water, 2 million gallons of fuel.  And so far, we’ve installed 100 satellite terminals to restore communications in impacted areas so families can ton- — contact their loved ones to be sure everything is okay and be able to reach out for help as well.

    Speaking of help, so far, we’ve opened 10 disaster recovery centers in Florida, with more to come, so people can have one stop to meet with officials, get the federal help they’re entitled to that’s available to them, such as direct, immediate financial aid and no [low-]interest payment loans, mortgage relief, and so much more.

    You can also go online to DisasterAssistance.gov — DisasterAssistance.gov — or call 1-800-621-FEMA — F-E-M-A.

    Yesterday, after I signed the major disaster declaration, more than 250,000 Floridians registered for help — 250,000 — the most in sin- — any — a single day ever in the history of this country — 250,000.

    I know you’re concerned about the debris removal, and it’s obvious why.  We’re prioritizing debris removal and working with the state and local partners to clear roads, to get wreckage into — of the two hurricanes off properties, and so more folks can return home and businesses can receive much-needed deliveries of food, fuel, medicine, and other essentials.  That’s a priority for me.

    Power has also been restored to over 2 million people in a matter of days.  And thanks to tens of thousands of power workers from 43 states and Canada working nonstop, even more people will have more power restored soon. 

    Today, I’m proud to announce $612 million to six new cutting-edge projects to support communities impacted by Hurricane Helene and Milton.  That includes $47 million for Gainesville Regional Utilities and another $47 million for Florida Power & Light.

    This funding will not only restore power, but it’ll make the region’s power system stronger and more capable and reduce the frequency and duration of power outages while extreme weather events become more frequent. 

    In fact, we’ve been able to restore power quicker because of critical infrastructure investments were made both when I was vice president and president to harden the grid.  For folks at home, “the grid” means the electrical power system that transmits energy from the — where it’s produced in a power plant to where it’s used in homes and businesses. 

    We’ve been hardening the grid, like b- — like burying transmission lines underground, replacing wood power poles with concrete or composite poles so they don’t snap in the wind.

    Energy Secretary Granholm is here with me today leading this effort, and she’ll tell you more about it and other cutting-edge technologies on the grid in a moment.

    Let me close with this.  I’m here to porsonally — personally say thank you to the brave first responders — and I don’t want to underestimate that — brave first responders, men and women in uniform, utility workers.  (Inaudible) look at the number that showed up from around the country — from Canada — California, Nebraska, all over the country — to come here to help. 

    Men and women in uniform, as I said; health care personnel; neighbors helping neighbors; and so many more people.  This is all a team effort, folks.  You made a big difference.  And it’s saved lives.

    But there’s much more to do, and we’re going to do everything we can to get power back into your homes, not only helping you recover but to help you build back stronger.

    God bless you all.  And may God protect our first responders and protect our troops.

    Now I’m going to turn this over to Secretary Granholm.  Madam Secretary. 

    11:42 A.M. EDT

    MIL OSI USA News –

  • MIL-OSI USA News: FACT SHEET: Biden-⁠ Harris Administration Continues Recovery Efforts in North Carolina Following Hurricane  Helene

    Source: The White House

    Following Hurricane Helene’s devastating impacts across the Southeast and Appalachia, the Biden-Harris Administration continues its robust Federal efforts to help communities recover and rebuild. The storm heavily impacted North Carolina, where the Administration continues to surge resources and assist families, business owners, farmers, and other impacted communities receive the support and assistance they need and deserve.

    Federal disaster assistance for Hurricane Helene survivors has surpassed $474 million – including more than $86 million in housing and other types of assistance for survivors in North Carolina. Survivors can register for assistance at one of three Disaster Recovery Centers in Caldwell, McDowell, and Buncombe Counties, or on disasterassistance.gov, by calling 1-800-621-3362, or via the FEMA app.

    The Department of Defense continues to support search-and-rescue operations, route clearance, and commodities distribution across western North Carolina with 1,500 active-duty troops. The Department of Defense is also employing additional capabilities to assist with increasing situational awareness across the remote terrain of Western North Carolina. The Army Corps of Engineers continues missions supporting debris removal, temporary emergency power installation, infrastructure and water and wastewater assessments, and technical assistance. Over 2,000 North Carolina National Guard personnel along with over 200 Guardsmen from 15 States are conducting response operations in western North Carolina.

    As response efforts continue in North Carolina, more than 1,250 FEMA staff remain on the ground, with more arriving daily. Nearly 400 Urban Search and Rescue personnel remain in the field helping people. These teams have rescued or supported over 3,200 survivors to date.  

    Power has been restored to more than approximately 96 percent of customers, as a result of 10,000 utility personnel working around the clock. Cellular restoration also continues to improve, with more than 93 percent of cellular sites in service. FEMA is boosting response coordination by providing 40 Starlink units to ensure first responders can communicate with each other.

    Commodity distribution, mass feeding, and hydration operations continue in areas of western North Carolina. FEMA continues to send commodity shipments and voluntary organizations are supporting feeding operations with bulk food and water deliveries coming via truck and aircraft. Mobile feeding operations are reaching survivors in heavily impacted areas, including three mass feeding sites in Buncombe, McDowell and Watauga counties. The Salvation Army has 20 mobile feeding units supporting this massive operation and has provided emotional and spiritual care to survivors. To date, the American Red Cross is engaging in targeted distribution of emergency supplies in low-income communities with high levels of minor or affected residential damage.

    Additional recovery efforts in North Carolina include:

    Supporting Infrastructure Recovery

    As part of the robust, whole-of-government response to Hurricane Helene, the U.S. Department of Transportation is supporting response and recovery efforts in impacted communities in North Carolina. DOT personnel are on the ground in multiple locations of the state.

    On October 5, the Department of Transportation’s Federal Highway Administration (FHWA) announced $100 million in Quick Release Emergency Relief funding to support North Carolina. The funding helps pay for the costs of immediate emergency work resulting from Hurricane Helene flood damage. Additional funding will flow to affected communities from the Emergency Relief program.

    FHWA worked closely with North Carolina and other federal agencies to assess infrastructure damage, including supporting hundreds of bridge inspections and other critical infrastructure assessments across the Southeast. On October 8, FHWA Acting Administrator Kristin White visited the region with Governor Roy Cooper, North Carolina Department of Transportation Secretary Joey Hopkins and other federal, state and local officials and got a first-hand look at impacts from the storm and recovery efforts.   

    The Federal Aviation Administration (FAA) continues to work with partners in affected parts of North Carolina and Tennessee, as the national airspace steadily returned to normal operations.

    The FAA Air Traffic Organization Technical Operations Team is on-site and leading communications restoration efforts at air traffic facilities. FAA also supported the North Carolina Air National Guard by providing advisory services at Rutherford County Airport and Avery County Airport.

    The FAA worked with state and local governments, critical infrastructure owners and operators, and first responders to enable drones to support response and recovery. The FAA granted permission to allow Wing to temporarily conduct beyond visual line of sight drone package deliveries for Walmart’s pharmacy in western North Carolina, delivering essential items including prescription medicine, medical supplies, and medical equipment to hard-to-reach locations.

    Additionally, President Biden’s approval of a Presidential Emergency Declaration for North Carolina affords the state a period of emergency regulatory relief from Federal Motor Carrier Safety regulations, including flexibility around driving time for property- and passenger-carrying vehicles. This allows truck drivers to get essential supplies to affected areas in North Carolina. It may also provide opportunities for motorcoach buses to deliver relief teams to response locations and allow for the transport and evacuation of residents.

    On October 10, Environmental Protection Agency (EPA) Administrator Michael Regan joined Governor Cooper, Senator Tillis, Congressman Edwards and local officials to assess federal and state recovery efforts in response to Hurricane Helene. EPA and its state partners have made significant progress bringing drinking water and wastewater systems back online, including restoring service to more than 75 drinking water systems that serve approximately 260,000 people in the Asheville area. EPA is also providing technical assistance and drinking water testing to systems and private drinking water well owners across the Asheville area through their Mobile Drinking Water lab – giving residents clear data and confidence that their water is safe to drink. The lab is capable of testing 100 samples per day. Water utilities and private well owners must request sampling services through their local health departments. EPA will remain on the ground in North Carolina helping area residents as long as their assistance is needed.  

    The Department of Energy’s Energy Response Organization remains activated to respond to storm impacts, and responders remain deployed to FEMA regional response coordination centers. Via the Electricity Sub-Sector Coordinating Council and Oil and Natural Gas Sub-Sector Coordinating Council, the Department of Energy has been coordinating continuously with energy sector partners on the ongoing Hurricane Helene response. As noted above, there are 10,000 line workers supporting power restoration efforts.

    The National Oceanic and Atmospheric Administration continues to support post-disaster imagery flights following Hurricane Helene, already totaling over 68 flight hours during 20 flights, including over western North Carolina. This imagery not only supports FEMA and the broader response community, but the public at large.

    Providing Financial Flexibilities to Homeowners and Taxpayers

    The U.S. Department of Housing and Urban Development (HUD) is providing a 90-day moratorium on foreclosures of mortgages insured by the Federal Housing Administration (FHA) as well as foreclosures of mortgages to Native American borrowers guaranteed under the Section 184 Indian Home Loan Guarantee program. Additionally, affected homeowners that have mortgages through Government-Sponsored Enterprises – including Fannie Mae and Freddie Mac – and the FHA are eligible to suspend their mortgage payments through a forbearance plan for up to 12 months.

    HUD announced $3 million for the State of North Carolina to support people experiencing homelessness in communities impacted by Hurricane Helene. Funding from the Rapid Unsheltered Survivor Housing program will help residents and families who are experiencing or at risk of homelessness and have needs that are not otherwise served or fully met by existing Federal disaster relief programs.

    This summer, HUD launched a new streamlined process for requesting additional flexibility on existing grants after a disaster is declared. Recipients of annual HUD funding – including in North Carolina – may request waivers to unlock and accelerate the use of their funding for disaster response and recovery. With the updated waiver process, HUD is proactively issuing maximum flexibility to communities impacted by disasters. These flexibilities will expedite the recovery process, reduce administrative burden, and allow impacted jurisdictions to quickly tailor programs and activities to address the post disaster needs of their communities. The Disaster Assistance and Recovery Team within HUD’s Office of Housing Counseling continues to conduct focused meetings with housing counseling agencies in each state impacted by these disasters to discuss their unique response and recovery challenges and identify resources available to assist.

    The Internal Revenue Service announced disaster tax relief for all individuals and businesses affected by Hurricane Helene in North Carolina. North Carolina taxpayers now have until May 1, 2025, to file various federal individual and business tax returns and make tax payments.

    Protecting Public Health

    The U.S. Department of Health and Human Services (HHS) declared a Public Health Emergency for North Carolina to address the health impacts of Hurricane Helene. HHS’s Administration for Strategic Preparedness and Response (ASPR) continues to provide medical support for Hurricane Helene, predominantly onsite in North Carolina. These ASPR personnel are deployed to support Hurricane Helene response operations, which include four Disaster Medical Assistance Teams and personnel from a Disaster Mortuary Operational Response Team (DMORT) in North Carolina. ASPR Health and Medical Task Forces and ASPR Disaster Medical Assistance Teams from the National Disaster Medical System are providing 24-hour surge support to three hospitals: Mission Hospital in Asheville, Blue Ridge Regional Hospital in Spruce Pine, and Caldwell Memorial in Lenoir. To date, ASPR teams have seen nearly 1000 patients. ASPR will continue to work with federal, state, and local partners to prioritize medical assistance to other areas affected by Hurricane Helene as required and requested.  

    Supporting Workers and Worker Safety

    Working alongside the Department of Labor, the States of North Carolina has announced that eligible workers can receive federal Disaster Unemployment Assistance to compensate for income lost directly resulting from Hurricane Helene. And, through the Department of Labor’s innovative partnership with the U.S. Postal Service, displaced workers in North Carolina can now go to the post office in any other state and verify their ID for purposes of getting their benefits quickly.

    Supporting Farmers and Agriculture

    The U.S. Department of Agriculture (USDA) has put contingency plans and program flexibilities into place to ensure farmers, foresters and communities are able to get the support they need, such as by extending program signup opportunities, expediting crop insurance payments, and using waivers and emergency procedures to expedite recovery efforts on working lands. USDA’s Food and Nutrition Service has issued flexibilities and waivers for North Carolina to ensure that food and nutritional assistance reaches those in need as soon as possible. In North Carolina, waivers have been issued to increase access to WIC products, replace benefits through Summer EBT, allow the purchase of hot foods through SNAP, and more.

    Additionally, USDA is currently coordinating over 200 staff on the ground in North Carolina, including saw support teams and emergency road clearance teams, to help clear trees and debris, including in Waterville, Marion, Newton, and Weaverville.

    Supporting Students and Student Loan Borrowers

    The Department of Education has offered technical assistance to states and local educational agencies to support recovery efforts and shared critical resources, including those developed by other federal agencies and organizations, to support restoring the teaching and learning environment.

    The Department’s office of Federal Student Aid (FSA) has flexibilities that are automatically available to affected institutions of higher education to help their continued management of the federal student aid programs. These flexibilities help schools if they need to adjust their academic calendars, such as due to unexpected closures, and also help students who may need to take a leave of absence. The flexibilities also help students avoid reductions in their federal aid due to any state or federal disaster assistance provided. FSA will also work with affected institutions that need help on other areas, such as paying credit balances. FSA has communicated with schools located in the areas impacted by Hurricane Helene. Those communications included existing Department guidance about how natural disasters impact schools and their administration of financial aid, resources, and links to FEMA disaster aid information. FSA’s communications also included a way for schools to share more information about the disaster impact on their campus and submit questions about administrative relief and flexibilities.

    The Department is ensuring affected borrowers in areas impacted by the hurricanes can focus on their critical needs without needing to worry about missing their student loan payments. Direct Loan borrowers and federally-serviced FFEL borrowers in the affected area who miss their payments will be automatically placed into a natural disaster forbearance. During forbearance, payments are temporarily postponed or reduced, and interest is still charged. Thanks to regulations issued by the Biden-Harris Administration, months in this forbearance will count toward PSLF and IDR forgiveness. Direct Loan and federally serviced FEEL borrowers are not required to take an action but have the option to call their servicer if they wish to enroll in the forbearance proactively. Perkins loan borrowers should contact their loan holder to request natural disaster forbearance. 

    Continuing to Survey Data

    The Department of the Interior’s U.S. Geological Survey (USGS) continues working to measure river levels and flow, and repair streamgages that transmit critical data. USGS crews continue working to determine the extent of flooding by surveying for high-water marks. These flood-peak data and high-water marks are used to determine flood frequency and are critical in the design of infrastructure and in determining flood plain boundaries. USGS stood up a landslide response team that now includes 32 USGS scientists, 19 of which ware mapping landslides, to provide technical assistance to the North Carolina Geological Survey and Tennessee Geological Survey. Their work includes reconnaissance using satellite imagery, flights, and on-the-ground assessments to map landslides.

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    MIL OSI USA News –

  • MIL-OSI USA News: Remarks by President  Biden Before Air Force One Departure | Tampa,  FL

    Source: The White House

    MacDill Air Force Base
    Tampa, Florida

    12:35 P.M. EDT

    Q    Mr. President, where was Governor DeSantis?  Did you speak with him while you were here?

    THE PRESIDENT:  No, I didn’t. 

    But I — by — by the way, I think we’re making real progress.  Everybody seems pretty happy with the way it’s going.  We’re not leaving.  We’re provi- — we’re going to — the next thing to do, we’re trying to make sure we get the money in there for small businesses; talking to the Congress to see if they can get the money quickly.  It’s important. 

    So, you saw, I mean, Republicans and Democrats are happy with what we’re doing.  And so, we’re making progress.  We’re making progress.

    Q    Sir, could you —

    Q    On the THAAD.  Did you — wh- — why did you decide to give the permission for the THAAD to be deployed in Israel?

    THE PRESIDENT:  To defend Israel.

    Q    Any — any worries about it?

    Q    Is the misinformation hurting FEMA’s ability to respond?

    12:36 P.M. EDT

    MIL OSI USA News –

  • MIL-OSI USA News: Statement from President  Biden Congratulating Nobel Peace Prize  Winners

    Source: The White House

    This year’s Nobel Peace Prize winners embody determination and resilience in the face of tragedy. For decades, the members of Nihon Hidankyo have served as a human testament to the catastrophic human toll of nuclear weapons, telling a story that humanity needs to hear. On behalf of the United States, I congratulate them on being awarded the Nobel Peace Prize for their historic work to ensure that nuclear weapons are never used again. We also congratulate Japan for this recognition of the moral clarity and steadfast commitment of its people and government to prevent the spread and use of nuclear weapons. 

    As I was powerfully reminded last year when I visited Hiroshima and met with a survivor of the bombing, we must continue making progress toward the day when we can finally and forever rid the world of nuclear weapons. The United States stands ready to engage in talks with Russia, China, and North Korea without preconditions to reduce the nuclear threat. There is no benefit to our nations or the world to forestall progress on reducing nuclear arsenals. Reducing the nuclear threat is important not despite the dangers of today’s world but precisely because of them. These nuclear risks erode the norms and agreements we have worked collectively to put in place and run counter to the vital work of today’s Nobel Laureates.  

    Yesterday’s announcement by the Nobel Peace Prize Committee reminds us that we must continue our progress toward a world free from the threat of nuclear weapons. Let us all take inspiration from this year’s Nobel Peace Prize winners and recommit ourselves to the vital work of building a safer world. 

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    MIL OSI USA News –