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Category: Trade

  • MIL-OSI: Champion Safe Company Accelerates Market Growth with Strategic Dealer Expansion in Colorado

    Source: GlobeNewswire (MIL-OSI)

    New Leadership at Champion Safe, a Division of American Rebel Holdings, Inc. (NASDAQ: AREB), Crystallizes Strategic Vision for Market Share Growth Across Patriotic-Branded Divisions

    PROVO, UT, July 17, 2025 (GLOBE NEWSWIRE) — Champion Safe Company (www.championsafe.com), a leading manufacturer of high-security safes and proud subsidiary of American Rebel Holdings, Inc. (NASDAQ: AREB), America’s Patriotic Brand, proudly announces its newest dealer partnership with Seaworth Safe Sales, a trusted and respected retailer serving Colorado’s Front Range for decades.

    The move marks a powerful expansion into the Rocky Mountain market, one of the fastest-growing regions for premium safe demand driven by outdoor lifestyles, responsible firearm ownership, and regulated cannabis storage. Seaworth brings deep regional expertise and customer trust, making them an ideal partner for Champion’s next growth chapter.

    “The Seaworth partnership is a strong validation of our brand momentum,” said Tom Mihalek, CEO of Champion Safe Company. “A six-figure, two-truckload opening order isn’t just a purchase—it’s a commitment to what Champion now stands for: precision, performance, and market readiness. The Seaworth deal isn’t just another dealer activation—it’s a strategic signal that leading dealers like Seaworth believe in what we’re building. And we’re ready to continue to earn that trust every day.”

    Since Mihalek took the reins in early 2024, Champion has focused intensely on product optimization and SKU rationalization, dialing in the safes customers actually want and cutting the noise. Supported by improved internal analytics, enhanced dealer feedback loops, and refined regional data, Champion is now delivering smarter product mixes tailored to each market segment, customer profile and consumer demand—streamlining inventory and improving sell-through rates.

    Seaworth is the latest to tap into that momentum, joining a growing roster of respected dealers embracing Champion’s reengineered path forward.

    A little over one year into Tom Mihalek’s leadership the disciplined approach is paying off: new dealer activations are rising, existing dealers are increasing their orders, and Champion is regaining ground as a leader in American-made secure storage.

    Champion still focuses on quality but American made craftsmanship as All Champion safe models are made from 100% American-made, high-strength steel and equally as important We build all of our own safes. No China-Build imports Lifetime warranty on everything we build.

    “We’re proud to have Seaworth Safe Sales on board,” said Jon Minder, Vice President of Sales & Marketing at Champion Safe. “Their decision to partner with us reinforces the value of our recent product enhancements, dealer-first approach, and unwavering commitment to American craftsmanship—qualities today’s customers truly demand.”

    Champion Safe Company is well-positioned to grab market share and drive revenue growth, supported by better tools, better information, and better products. As American Rebel Holdings continues its expansion across safes, apparel, and beverages, the mission remains the same: help Americans protect what they value most—with gear they can trust.

    Contact: ir@americanrebel.com

    About Champion Safe Company

    Champion Safe Company has been at the forefront of safe manufacturing for over 25 years, offering a range of high-quality safes designed for ultimate security and fire protection. With a commitment to craftsmanship and innovation, Champion Safes are trusted by homeowners, gun owners, and businesses across the nation. To learn more, visit: championsafe.com

    About American Rebel Holdings, Inc.

    American Rebel Holdings, Inc. (NASDAQ: AREB) designs, manufactures, and markets branded safes, personal protection products, apparel, and patriotic beverages. The Company continues to evolve as a multi-industry lifestyle brand aligned with American values. Learn more at americanrebel.com and americanrebelbeer.com.

    Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. American Rebel Holdings, Inc., (NASDAQ: AREB; AREBW) (the “Company,” “American Rebel,” “we,” “our” or “us”) desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words “forecasts” “believe,” “may,” “estimate,” “continue,” “anticipate,” “intend,” “should,” “plan,” “could,” “target,” “potential,” “is likely,” “expect” and similar expressions, as they relate to us, are intended to identify forward-looking statements. We have based these forward-looking statements primarily on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy, and financial needs. Important factors that could cause actual results to differ from those in the forward-looking statements include benefits of dealer expansion, actual revenues for fiscal 2025, our ability to effectively execute our business plan, and the Risk Factors contained within our filings with the SEC, including our Annual Report on Form 10-K for the year ended December 31, 2023. Any forward-looking statement made by us herein speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future developments or otherwise, except as may be required by law.

    The MIL Network –

    July 18, 2025
  • MIL-OSI Africa: East African countries and open borders: great strides, but still a long way to go

    Source: The Conversation – Africa – By Alan Hirsch, Senior Research Fellow New South Institute, Emeritus Professor at The Nelson Mandela School of Public Governance, University of Cape Town

    It’s not uncommon to find a Ugandan taxi driver in Rwanda’s capital, Kigali, just as one regularly meets Zimbabwean Uber drivers in South Africa. But there is a big difference. A Ugandan working in Rwanda most likely has a secure legal right to be there, whereas Zimbabweans working in South Africa are often uncertain of their current or future legality.

    East Africa has made greater strides towards the free flow of people crossing borders and seeking work than most of Africa. Only the Economic Community of West African States (Ecowas) is in the same league.

    While the African Union’s Free Movement of Persons protocol has faltered at a continental level, some of the regional economic communities have made progress. The Southern African Development Community (SADC) allows visa-free travel across almost all its borders.

    Ecowas and the East African Community (EAC) have driven ambitiously towards regional common markets including the freeing up of job-seeking, residential settlement and business development across the borders of member states.

    The New South Institute, a think-tank focused on governance reforms in the global south, is nearing the end of a research programme on migration governance reform in Africa. Our new report is on East Africa.

    We have found that unlike much of the global north, the African continent is moving towards more open borders for people. In some of the global south the promise of economic growth outweighs political fears. Yet progress is slow, and not coordinated. Mostly migration reform happens in regions and between neighbours.

    The progress in the East African Community is particularly notable compared with other African regional communities. We identify a number of reasons for this, including strong leadership and co-operation between state and non-state actors.

    The commitment to free movement

    The East African Community adopted its Common Market Protocol in 2010. The bloc is made up of Tanzania, Uganda, Kenya, Rwanda, Burundi, South Sudan, the DRC and Somalia.

    The regional body’s common market pact includes the movement of goods, services, capital and people. It gives people the right – on paper at least – to find employment across borders, the right to reside and the right to establish a business. There is also a commitment to the harmonisation and mutual recognition of academic and professional qualifications and labour policies to ease mobility.

    Even before the common market protocol, the regional bloc began to establish one-stop border posts on many of its internal borders to facilitate the flow of goods and people. Though they don’t all operate the same way or equally well, they have been successful at easing movement.

    Uneven outcomes

    The common market’s impact on the movement of people has been uneven within the region. Most integrated are Uganda, Kenya and Rwanda, which allow the cross-border movement of citizens with standardised identity documents – they do not need passports.

    It is also relatively easy to get jobs across these borders.

    Tanzania and Burundi are close to the inner circle but still require passports, though no visas. The three states which joined more recently, South Sudan, the DRC and Somalia, are all fragile states with governance systems that do not always meet the standards needed for acceptance into all the privileges of the regional bloc.

    In practice there is differential treatment. Generally, it is more difficult for citizens of the three latecomers to get regular access and jobs in their regional partners.

    Another limitation when it comes to the mobility of people is that little progress has been made in the formal harmonisation of education, health and social welfare systems between member states. This inhibits job seeking across borders.

    In addition, national labour laws, which tend to require permits for foreigners, still apply to varying degrees in the region. Some countries are more permissive. For example, Kenya, Uganda and Rwanda have a reciprocal no-fee work permit agreement.

    Another shortcoming has been that the outcomes of court processes in enforcing the freedom of movement have been disappointing. This is so even though the regional bloc has an active East African Court of Justice. Its legal mandate includes the enforcement of the bloc’s treaty and its protocols.

    In some cases the court has found that national actions inhibiting the movement of persons were trumped by the regional protocol. It has instructed the errant governments to comply. But its ability to enforce the decisions is minimal.

    Reasons for success

    Leadership has been important. The fact that the strongest economy in the region, Kenya, has been part of the leading echelon is significant.

    Rwanda and Uganda have led by example too. Rwanda was one of the first countries on the continent to offer visa-free entry to all other African countries. For its part, Uganda is widely admired for its refugee inclusion programmes.

    Another factor outlined in our report has been the opportunity for collaboration fostered by relationships between formal institutions, such as governments, and non-state actors such as the International Organisation for Migration. Interactions between these various players have created opportunities for officials and policymakers from states of the region to meet, discuss issues of concern, and develop relationships of trust and understanding.

    Another non-state donor-funded actor, TradeMark Africa, which was established in 2010 to support in the implementation of the common market in east Africa, provided considerable support. For example it supported the implementation of the regional One-Stop Border Post programme..

    Way forward

    Based on our report we identified changes that could make a positive difference.

    Firstly, the development of reliable, harmonised systems in the region to collect and manage data on population mobility and employment. This would build confidence that policy was being made on the basis of reliable information.

    Secondly, reducing friction in cross-border monetary transactions, including migrants’ remittances. This would make it easier for migrants to send some of their income to their countries of origin.

    Thirdly, improvements to population registers, identity documents, passports and cross-border migration management systems. Improvements would build mutual trust in the integrity of systems and pave the way for further commitments to lowering migration barriers.

    Fourth, cooperation on cross-border access to social services such as health and education. This is one of the most important intermediate steps towards freeing up mobility for the citizens of the region.

    Fifth, reconsidering some of the amendments made to weaken the East African Court of Justice in 2007. This would strengthen the de jure powers of the court, adding considerably to the entrenchment of cross-border rights in the region.

    Ultimately, the key constraint in the region is political and security instability, which holds back social and economic development. Nevertheless, incremental progress on mobility is possible despite issues in the fragile states, even though it may result in asymmetric progress within the East African Community.

    – East African countries and open borders: great strides, but still a long way to go
    – https://theconversation.com/east-african-countries-and-open-borders-great-strides-but-still-a-long-way-to-go-261021

    MIL OSI Africa –

    July 18, 2025
  • MIL-OSI Russia: Shanghai Port Car Exports Exceed 1.27 Million Units in 1H25

    Translation. Region: Russian Federal

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

    An important disclaimer is at the bottom of this article.

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

    SHANGHAI, July 17 (Xinhua) — Automobile exports via Shanghai Port exceeded 1.27 million units in the first half of 2025, up 13 percent year on year and accounting for 36.7 percent of China’s total automobile exports during the period, data from Shanghai Customs showed.

    The volume of automobile exports from Shanghai Port increased from 379 thousand units in 2020 to 2.39 million units in 2024, with an average annual growth rate of 58.4%.

    Exports via the Haitong International Automobile Terminal, located in Shanghai’s Waigaoqiao Port Area, reached 715,000 units in the first six months of this year, up 13.7 percent year on year. Export routes now cover 131 countries and regions around the world.

    Efficient logistics and simplified cargo clearance were key factors in the growth of automobile exports, Shanghai Customs said. -0-

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

    .

    MIL OSI Russia News –

    July 18, 2025
  • MIL-OSI United Nations: Country Engagement Specialist & Regional Coordinator for Eastern Europe, Santiago network

    Source: UNISDR Disaster Risk Reduction

    Background information – job-specific

    Santiago network The Santiago network was established in December 2019 at COP25, as part of the Warsaw International Mechanism, for averting, minimizing and addressing loss and damage associated with the adverse effects of climate change, to catalyze the technical assistance of relevant organizations, bodies, networks and experts, for the implementation of suitable relevant approaches at the local, national and regional level, in developing countries that are particularly vulnerable to the adverse effects of climate change. (decision 2/CMA.2, para 43, noted by 2/CP.25).

    The Parties to the UN Framework Convention on Climate Change Convention and the Paris Agreement subsequently decided on the functions of the Santiago network at COP26 and on the institutional arrangements to enable its full operationalization. Parties agreed the structure would comprise:

    A hosted Secretariat that will facilitate its work, to be known as the Santiago network Secretariat; An Advisory Board, to provide guidance and oversight to the Santiago network Secretariat on the effective implementation of the functions of the network; and A network of organizations, bodies, networks and experts (OBNEs) covering a wide range of topics relevant to averting, minimizing and addressing loss and damage.

    At COP28 in 2023, Parties selected the consortium of UNOPS and the United Nations Office for Disaster Risk Reduction (UNDRR) as co-hosts of the Santiago network Secretariat for an initial term of five years, with five-year renewal periods.

    While UNOPS provides the necessary administrative and operational support for the effective functioning of the Secretariat, UNDRR provides the Secretariat with technical backstopping and expertise in the domain of averting, minimizing and addressing loss and damage consistent with the guidelines for preventing potential and addressing actual and perceived conflicts of interest in relation to the Santiago network.

    Relevant COP/CMA decisions on the Santiago network can be consulted here. Documents and reports from meetings of the Santiago network Advisory Board are available here.

    The United Nations Office for Project Services (UNOPS) is an operational arm of the United Nations, supporting the successful implementation of its partners’ peacebuilding, humanitarian and development projects around the world. Mandated as a central resource of the United Nations, UNOPS provides sustainable project management, procurement and infrastructure services to a wide range of governments, donors and United Nations organisations. With over 6,000 personnel spread across 80 countries, UNOPS offers its partners the logistical, technical and management knowledge they need, where they need it. By implementing around 1,000 projects for our partners at any given time, UNOPS makes significant contributions to results on the ground, often in the most challenging environments.

    Country Engagement Specialist and Regional Coordinator for Eastern Europe, Santiago network Under the overall guidance and supervision of the Director, and in close coordination with the Senior Programme Manager and the OBNE Engagement Specialist, the Country Engagement Specialist and Regional Coordinator for Eastern Europe is responsible for managing the central operations of the technical assistance request process, supporting the coordination of global and regional operations, and driving the provision of catalyzed technical assistance in Eastern Europe, ensuring effective and timely delivery. This includes establishing and executing processes for the implementation of the steps of the technical assistance request workflow, working closely with Regional Coordinators, Desk Officers and designated contact points; and leading the technical assistance work of the Santiago network Secretariat in Eastern Europe. The role will collaborate with the OBNE and Member Engagement Specialist in the planning, implementing, and reporting on membership activities in Eastern Europe. This role requires strong coordination, communication, and technical skills relevant to the delivery of the role’s functions.

    Functional responsibilities

    1. Setting up processes and systems
    2. Catalyzing technical assistance/Management of OBNEs
    3. Programme implementation and monitoring
    4. Partner and stakeholder engagement
    5. Knowledge management and innovation
    6. Corporate functions and team building

    1. Setting up processes and systems 

    • Establish and manage processes and systems to ensure the application of the Santiago network’s operative guidelines across the technical assistance workflow, from preparation to knowledge sharing.
    • Support the creation of an enabling environment for demand-driven technical assistance, including support in identifying needs and in preparing requests for technical assistance.

    2. Catalyzing technical assistance/Management of OBNEs

    • Lead the implementation of the Santiago network’s technical assistance workflow in Eastern Europe, from preparation and submission to delivery, monitoring and experience sharing.
    • Collaborate with the OBNE and Member Engagement Specialist in the planning and implementation of membership activities in Eastern Europe.
    • Coordinate the implementation of centrally managed processes for responding to technical assistance requests, including the issuance and management of responses to calls for proposals, in coordination with Regional Coordinators.
    • Support the Senior Programme Manager in coordinating regional operations, ensuring quality control and consistent service standards.
    • Coordinate engagement with national liaisons to the Santiago network Secretariat across regions, in collaboration with Regional Coordinators.
    • Manage the technical assistance review process in coordination with regional functions, aimed at connecting those seeking technical assistance with best-suited Members and OBNEs.

    3. Programme implementation and monitoring

    • Coordinate the implementation of the monitoring, evaluation and learning framework at a portfolio level, in coordination with regional operations, ensuring their effectiveness against expected outcomes.
    • Collaborate with the Programme Support and Operations Manager to ensure the timely management of fund disbursement for technical assistance provided to proponents.
    • Identify, assess and manage risks and issues that may impact the effective delivery of technical assistance, including by maintaining a risk register and coordinating mitigation measures.
    • Coordinate the preparation of reports of Santiago network overall operations, including regular reporting to the Advisory Board and inputs to the Annual Report to the governing body or bodies.

    4. Partner and stakeholder engagement

    • Coordinate the implementation of partnership strategies in collaboration with regional roles, providing a consistent approach to partner and stakeholder engagement across regions.
    • Develop strategies for engaging and maintaining partnerships in Eastern Europe, including collaborative projects, joint events, and resource sharing.
    • Establish communication channels and platforms for effective networking and information exchange among Members in Eastern Europe.
    • Participate in regional fora and high-level meetings contributing to the positioning of the Santiago network in the loss and damage and climate action ecosystem.

    5. Knowledge management and innovation

    • Contribute to the development, provision and dissemination of knowledge and information on topics relevant to technical assistance for loss and damage.
    • Facilitate the dissemination of good practices, case studies, and other relevant information to support the catalyzation and delivery of technical assistance.
    • Support knowledge management, outreach, and communication activities related to technical assistance, in collaboration with relevant colleagues and partners, including the WIM ExCom.
    • Contribute to the Santiago network’s learning function, including the establishment of feedback loops to inform continuous improvement.

    6. Corporate functions and team building

    • Uphold and model team values, fostering a respectful, inclusive, and collaborative work environment that supports collective success and individual well-being.
    • Contribute to the development and implementation of the Santiago network’s strategic, policy, and operational frameworks, ensuring alignment with its mandate and evolving needs.
    • Support the organization and delivery of Advisory Board meetings and intersessional work, including the preparation of background documents, reports, and other relevant materials, as well as coordination of related functions.
    • Represent the Santiago network in international fora and technical meetings, contributing to advance the delivery of its mandate and objectives.
    • Others, as required by the supervisor.

    Education/Experience/Language requirements

    Education 

    • An advanced university degree (Masters or equivalent), preferably in development studies, international relations, political science, environmental sciences and climate change, economics, social sciences, or related areas, is required.
    • A first-level university degree in combination with two (2) additional years of qualifying experience may be accepted in lieu of an advanced university degree.

    Experience 

    • A minimum of seven (7) years of relevant experience in programme management in the areas of development, loss and damage, disaster risk reduction, climate change adaptation, or related climate change processes is required.
    • Demonstrated experience in work across regions is required.
    • Demonstrated experience in Eastern Europe is desirable.
    • Familiarity with UNFCCC processes and the loss and damage agenda is highly desirable.

    Language 

    • Fluency in oral and written English is required.
    • Knowledge of another UN official language is an advantage.

    Contract type, level and duration

    Contract type: Staff – FTA Contract level: P4 (ICS-11) Contract duration: One year initially, renewable subject to satisfactory performance and funding availability.

    For more details about United Nations staff contracts, please follow this link: https://www.unops.org/english/Opportunities/job-opportunities/what-we-offer/Pages/UN-Staff-Contracts.aspx

    Competencies

    Develops and implements sustainable business strategies, thinks long term and externally in order to positively shape the organization. Anticipates and perceives the impact and implications of future decisions and activities on other parts of the organization.(for levels IICA-2, IICA-3, LICA Specialist- 10, LICA Specialist-11, NOC, NOD, P3, P4 and above)

    Treats all individuals with respect; responds sensitively to differences and encourages others to do the same. Upholds organizational and ethical norms. Maintains high standards of trustworthiness. Role model for diversity and inclusion.

    Acts as a positive role model contributing to the team spirit. Collaborates and supports the development of others. For people managers only: Acts as positive leadership role model, motivates, directs and inspires others to succeed, utilizing appropriate leadership styles.

    Demonstrates understanding of the impact of own role on all partners and always puts the end beneficiary first. Builds and maintains strong external relationships and is a competent partner for others (if relevant to the role).

    Efficiently establishes an appropriate course of action for self and/or others to accomplish a goal. Actions lead to total task accomplishment through concern for quality in all areas. Sees opportunities and takes the initiative to act on them. Understands that responsible use of resources maximizes our impact on our beneficiaries.

    Evaluates data and courses of action to reach logical, pragmatic decisions. Takes an unbiased, rational approach with calculated risks. Applies innovation and creativity to problem-solving.

    Expresses ideas or facts in a clear, concise and open manner. Communication indicates a consideration for the feelings and needs of others. Actively listens and proactively shares knowledge. Handles conflict effectively, by overcoming differences of opinion and finding common ground.

    Additional information

    • Please note that UNOPS does not accept unsolicited resumes.
    • Applications received after the closing date will not be considered.
    • Please note that only shortlisted candidates will be contacted and advance to the next stage of the selection process, which involves various assessments.
    • UNOPS embraces diversity and is committed to equal employment opportunity. Our workforce consists of many diverse nationalities, cultures, languages, races, gender identities, sexual orientations, and abilities. UNOPS seeks to sustain and strengthen this diversity to ensure equal opportunities as well as an inclusive working environment for its entire workforce.
    • Qualified women and candidates from groups which are underrepresented in the UNOPS workforce are encouraged to apply. These include in particular candidates from racialized and/or indigenous groups, members of minority gender identities and sexual orientations, and people with disabilities.
    • We would like to ensure all candidates perform at their best during the assessment process. If you are shortlisted and require additional assistance to complete any assessment, including reasonable accommodation, please inform our human resources team when you receive an invitation.

    Terms and conditions

    • For staff positions only, UNOPS reserves the right to appoint a candidate at a lower level than the advertised level of the post.
    • For retainer contracts, you must complete a few mandatory courses ( they take around 4 hours to complete) in your own time, before providing services to UNOPS. Refreshers or new mandatory courses may be required during your contract. Please note that you will not receive any compensation for taking courses and refreshers. For more information on a retainer contract here.
    • All UNOPS personnel are responsible for performing their duties in accordance with the UN Charter and UNOPS Policies and Instructions, as well as other relevant accountability frameworks. In addition, all personnel must demonstrate an understanding of the Sustainable Development Goals (SDGs) in a manner consistent with UN core values and the UN Common Agenda.
    • It is the policy of UNOPS to conduct background checks on all potential personnel. Recruitment in UNOPS is contingent on the results of such checks.

    MIL OSI United Nations News –

    July 18, 2025
  • MIL-OSI United Nations: OBNE and Member Engagement Specialist, Santiago network

    Source: UNISDR Disaster Risk Reduction

    Background information – job-specific

    Santiago network The Santiago network was established in December 2019 at COP25, as part of the Warsaw International Mechanism, for averting, minimizing and addressing loss and damage associated with the adverse effects of climate change, to catalyze the technical assistance of relevant organizations, bodies, networks and experts, for the implementation of suitable relevant approaches at the local, national and regional level, in developing countries that are particularly vulnerable to the adverse effects of climate change. (decision 2/CMA.2, para 43, noted by 2/CP.25).

    The Parties to the UN Framework Convention on Climate Change Convention and the Paris Agreement subsequently decided on the functions of the Santiago network at COP26 and on the institutional arrangements to enable its full operationalization. Parties agreed the structure would comprise:

    A hosted Secretariat that will facilitate its work, to be known as the Santiago network Secretariat; An Advisory Board, to provide guidance and oversight to the Santiago network Secretariat on the effective implementation of the functions of the network; and A network of organizations, bodies, networks and experts (OBNEs) covering a wide range of topics relevant to averting, minimizing and addressing loss and damage.

    At COP28 in 2023, Parties selected the consortium of UNOPS and the United Nations Office for Disaster Risk Reduction (UNDRR) as co-hosts of the Santiago network Secretariat for an initial term of five years, with five-year renewal periods.

    While UNOPS provides the necessary administrative and operational support for the effective functioning of the Secretariat, UNDRR provides the Secretariat with technical backstopping and expertise in the domain of averting, minimizing and addressing loss and damage consistent with the guidelines for preventing potential and addressing actual and perceived conflicts of interest in relation to the Santiago network.

    Relevant COP/CMA decisions on the Santiago network can be consulted here. Documents and reports from meetings of the Santiago network Advisory Board are available here.

    The United Nations Office for Project Services (UNOPS) is an operational arm of the United Nations, supporting the successful implementation of its partners’ peacebuilding, humanitarian and development projects around the world. Mandated as a central resource of the United Nations, UNOPS provides sustainable project management, procurement and infrastructure services to a wide range of governments, donors and United Nations organisations. With over 6,000 personnel spread across 80 countries, UNOPS offers its partners the logistical, technical and management knowledge they need, where they need it. By implementing around 1,000 projects for our partners at any given time, UNOPS makes significant contributions to results on the ground, often in the most challenging environments.

    OBNE and Member Engagement Specialist, Santiago network

    Under the overall guidance and supervision of the Director, and in close coordination with the Country Engagement Specialist, the OBNE and Member Engagement Specialist is responsible for managing the central processes related to membership under the Santiago network, as well as supporting the planning, implementing, and reporting on membership activities in Eastern Europe. This includes overseeing the implementation of the guidelines for the designation of organizations, bodies, networks, and experts (OBNEs) as Members of the Santiago network, supporting the coordination of global and regional functions related to membership, and implementing strategies to ensure a diverse, inclusive, and robust network of Members, including through outreach and capacity building. The role also involves facilitating collaboration and coordination among Members, including communities of practice. This role requires strong organizational, coordination, and communication skills relevant to the delivery of the role’s functions.

    Functional responsibilities

    1. Setting up processes and systems
    2. Catalyzing technical assistance/Management of OBNEs
    3. Programme implementation and monitoring
    4. Partner and stakeholder engagement
    5. Knowledge management and innovation
    6. Corporate functions and team building

    1. Setting up processes and systems 

    • Establish and manage processes and systems for the implementation of the guidelines for the designation of Organizations, Bodies, Networks and Experts (OBNEs) as Members of the Santiago network.
    • Set strategies to facilitate a strong, diverse and inclusive network membership, with relevant expertise at the local, national and regional level.

    2. Catalyzing technical assistance/Management of OBNEs

    • Facilitate the growth and diversification of the Santiago network’s membership, including by managing the process of expressions of interest, in line with the guidelines approved by the Advisory Board
    • Collaborate with the Regional Coordinator for Eastern Europe in the planning and implementation of membership activities in Eastern Europe.
    • Facilitate the effective participation of Members in the provision of technical assistance, supporting matchmaking between demand and supply, in response to identified needs and in collaboration with global and regional functions.
    • Develop and implement outreach strategies to attract new Members, with a focus on local and community-based organizations, ensuring inclusive representation across regions, target groups and relevant thematic areas.
    • Foster collaboration and synergies among Members by promoting peer-to-peer exchange, and identifying opportunities for joint action to enhance the delivery and impact of technical assistance.
    • Provide continuous guidance to OBNEs and Members of the Santiago network, enabling them to actively engage with and contribute to the network’s objectives.

    3. Programme implementation and monitoring

    • Design and implement an engagement programme for Members, aligned with relevant Santiago network functions such as technical assistance, collaboration, and knowledge and information sharing.
    • Conduct periodic assessments of the network’s performance in addressing the needs related to averting, minimizing, and addressing loss and damage at local and regional levels.
    • Identify, assess, and manage risks and issues that could affect the OBNE and membership processes, including proposing and implementing appropriate mitigation measures.
    • Coordinate inputs on membership for regular reporting, including reporting to the Advisory Board and the Annual Report to the governing body or bodies.

    4. Partner and stakeholder engagement

    • Coordinate the implementation of strategies for OBNEs and Member outreach and engagement in collaboration with regional roles, with a consistent approach across regions.
    • Set up and manage communication channels and platforms to support collaboration, coordination and synergies among Members, including through communities of practice.
    • Foster collaboration and partnerships with other relevant mechanisms, networks and organizations working in the area of loss and damage.
    • Liaise with the communications role to enhance knowledge sharing and mutual learning among Members and other stakeholders.

    5. Knowledge management and innovation

    • Facilitate the development, provision, dissemination of and access to knowledge and information produced by Members on topics relevant for loss and damage.
    • Develop and maintain a comprehensive database of OBNEs, including contact information, areas of expertise, and availability for technical assistance
    • Develop and implement support mechanisms, including peer-to-peer learning and knowledge exchange, to strengthen Member engagement and enhance technical assistance delivery.
    • In collaboration with the Country Engagement Specialist, identify gaps in knowledge and expertise across the network in relation to TA needs, and take appropriate actions to address them.

    6. Corporate functions and team building

    • Uphold and model team values, fostering a respectful, inclusive, and collaborative work environment that supports collective success and individual well-being.
    • Contribute to the development and implementation of the Santiago network’s strategic, policy, and operational frameworks, ensuring alignment with its mandate and evolving needs.
    • Support the organization and delivery of Advisory Board meetings and intersessional work, including the preparation of background documents, reports, and other relevant materials, as well as coordination of related functions.
    • Represent the Santiago network in international fora and technical meetings, contributing to advance the delivery of its mandate and objectives.
    • Others, as required by the supervisor.
    • Education/Experience/Language requirements

    Education 

    • An advanced university degree (Masters or equivalent), preferably in development studies, international relations, political science, environmental sciences and climate change, economics, social sciences, or related areas, is required.
    • A first-level university degree in combination with two (2) additional years of qualifying experience may be accepted in lieu of an advanced university degree.

    Experience 

    • A minimum of seven (7) years of relevant experience in stakeholder engagement in the areas of development, loss and damage, disaster risk reduction, climate change adaptation, or related climate change processes is required.
    • Technical skills to foster inclusive participation and knowledge exchange across the Santiago network are highly desirable.
    • Familiarity with UNFCCC processes and the loss and damage agenda is highly desirable.
    • Language
      • Fluency in oral and written English is required.
      • Knowledge of another UN official language is an advantage.

    Contract type, level and duration

    Contract type: Staff – FTA Contract level: P4 (ICS-11) Contract duration: One year initially, renewable subject to satisfactory performance and funding availability.

    For more details about United Nations staff contracts, please follow this link: https://www.unops.org/english/Opportunities/job-opportunities/what-we-offer/Pages/UN-Staff-Contracts.aspx

    Competencies

    Develops and implements sustainable business strategies, thinks long term and externally in order to positively shape the organization. Anticipates and perceives the impact and implications of future decisions and activities on other parts of the organization.(for levels IICA-2, IICA-3, LICA Specialist- 10, LICA Specialist-11, NOC, NOD, P3, P4 and above)

    Treats all individuals with respect; responds sensitively to differences and encourages others to do the same. Upholds organizational and ethical norms. Maintains high standards of trustworthiness. Role model for diversity and inclusion.

    Acts as a positive role model contributing to the team spirit. Collaborates and supports the development of others. For people managers only: Acts as positive leadership role model, motivates, directs and inspires others to succeed, utilizing appropriate leadership styles.

    Demonstrates understanding of the impact of own role on all partners and always puts the end beneficiary first. Builds and maintains strong external relationships and is a competent partner for others (if relevant to the role).

    Efficiently establishes an appropriate course of action for self and/or others to accomplish a goal. Actions lead to total task accomplishment through concern for quality in all areas. Sees opportunities and takes the initiative to act on them. Understands that responsible use of resources maximizes our impact on our beneficiaries.

    Evaluates data and courses of action to reach logical, pragmatic decisions. Takes an unbiased, rational approach with calculated risks. Applies innovation and creativity to problem-solving.

    Expresses ideas or facts in a clear, concise and open manner. Communication indicates a consideration for the feelings and needs of others. Actively listens and proactively shares knowledge. Handles conflict effectively, by overcoming differences of opinion and finding common ground.

    Additional information

    • Please note that UNOPS does not accept unsolicited resumes.
    • Applications received after the closing date will not be considered.
    • Please note that only shortlisted candidates will be contacted and advance to the next stage of the selection process, which involves various assessments.
    • UNOPS embraces diversity and is committed to equal employment opportunity. Our workforce consists of many diverse nationalities, cultures, languages, races, gender identities, sexual orientations, and abilities. UNOPS seeks to sustain and strengthen this diversity to ensure equal opportunities as well as an inclusive working environment for its entire workforce.
    • Qualified women and candidates from groups which are underrepresented in the UNOPS workforce are encouraged to apply. These include in particular candidates from racialized and/or indigenous groups, members of minority gender identities and sexual orientations, and people with disabilities.
    • We would like to ensure all candidates perform at their best during the assessment process. If you are shortlisted and require additional assistance to complete any assessment, including reasonable accommodation, please inform our human resources team when you receive an invitation.

    Terms and conditions

    • For staff positions only, UNOPS reserves the right to appoint a candidate at a lower level than the advertised level of the post.
    • For retainer contracts, you must complete a few mandatory courses ( they take around 4 hours to complete) in your own time, before providing services to UNOPS. Refreshers or new mandatory courses may be required during your contract. Please note that you will not receive any compensation for taking courses and refreshers. For more information on a retainer contract here.
    • All UNOPS personnel are responsible for performing their duties in accordance with the UN Charter and UNOPS Policies and Instructions, as well as other relevant accountability frameworks. In addition, all personnel must demonstrate an understanding of the Sustainable Development Goals (SDGs) in a manner consistent with UN core values and the UN Common Agenda.
    • It is the policy of UNOPS to conduct background checks on all potential personnel. Recruitment in UNOPS is contingent on the results of such checks.

    MIL OSI United Nations News –

    July 18, 2025
  • MIL-OSI Asia-Pac: InvestHK promotes Hong Kong’s business and supply chain management advantages at China International Supply Chain Expo (with photos)

    Source: Hong Kong Government special administrative region – 4

    Associate Director-General of Investment Promotion at Invest Hong Kong (InvestHK) Ms Loretta Lee attended the China International Supply Chain Expo (CISCE) in Beijing today (July 17). There, Ms Lee delivered remarks at the Thematic Event on Supply Chain Service to promote Hong Kong’s business advantages and opportunities to Mainland and overseas companies and media representatives, encouraging enterprises to leverage Hong Kong’s unique position as an international financial, shipping, and trade hub to establish their multinational supply chain management expertise.

    Organised by the China Council for the Promotion of International Trade (CCPIT), the CISCE is the world’s first national-level expo focused on supply chains. InvestHK has joined the CISCE for two consecutive years and delivered speeches on Thematic Event on Supply Chain Service and Thematic Event on Advanced Manufacturing topics this year.

    The Thematic Event on Supply Chain Service topic focuses on upgrading the industrial supply chain and explores new global collaboration efforts. In her remarks, Ms Lee promoted Hong Kong’s unique advantages under the “one country, two systems” framework and the city’s role as a gateway connecting Mainland China and global markets under the national dual circulation strategy. She said, “Hong Kong as a ‘super connector’ and a ‘super value-adder’ can help Mainland enterprises better cope with the international market and balance the stability and flexibility of the supply chain. The city has rich experience in supply chain management. From infrastructure, professional service talent, international supplier networks to government policy support, Hong Kong can fully meet enterprises’ needs in different stages of business operation such as procurement, trade, and logistics. As a leading international financial centre, Hong Kong boasts a vibrant and diverse capital market. In the first half of this year, Hong Kong led the world in initial public offering fundraising, making it the ideal destination for corporate financing. I encourage Mainland enterprises to establish corporate treasury centres in Hong Kong to facilitate global expansion.”

    CCPIT Vice Chairman Mr Chen Jian’an also delivered a speech at the event.

    On the same day, the Head of Transport, Logistics and Industrials at InvestHK, Mr Benjamin Wong, joined a thematic forum at the Thematic Event on Advanced Manufacturing, sharing insights on the innovation-driven development through green and low-carbon technologies. He noted that the demand for green and low-carbon solutions in industries is currently experiencing a growth momentum. The Hong Kong Special Administrative Region Government has been supporting the development of the local innovation and technology sector through various measures, including enhanced research and development support, expanded funding channels, and strengthened collaboration among academia, industry, and the Government, with the aim of accelerating Hong Kong’s transformation into a green tech hub. To further enhance green and sustainable economic development, InvestHK has established a dedicated sustainability team, which actively attracts overseas and Mainland enterprises with leading technologies and solutions in carbon neutrality to establish or expand their operations in Hong Kong.

    Following the CISCE, InvestHK will host a roundtable on July 18 to further discuss Hong Kong’s role as a multinational supply chain management centre, and conduct in-depth discussions and exchanges with representatives of Beijing-based companies interested in expanding their business in Hong Kong. Ms Lee will deliver welcome remarks, encouraging Beijing companies to use Hong Kong as their multinational supply chain management centre. In the sharing session, Mr Wong and the Managing Director of Li & Fung Development (China) Ltd, Mr Chang Ka-mun, will discuss the latest environment and trends of global trade and supply chains, and how Hong Kong can help Mainland and overseas enterprises build global supply chain management expertise. Experts from PricewaterhouseCoopers and China Merchants Bank will also share insights at the event on Hong Kong’s tax benefits and financial services for Mainland enterprises looking to expand internationally.

    During the visit, the InvestHK delegation will meet with various enterprises to provide the latest updates on Hong Kong’s latest policies and opportunities, thereby assisting them to leverage Hong Kong’s advantages to expand overseas.

    To download event photos, please visit: www.flickr.com/photos/investhk/albums/72177720327606368.

    MIL OSI Asia Pacific News –

    July 18, 2025
  • MIL-OSI Africa: International Relations (IR) Committee Launches People-Centred Oversight Mechanism in Western Cape

    Source: APO


    .

    The Portfolio Committee on International Relations and Cooperation yesterday successfully launched the People-Centred Oversight Mechanism in the Western Cape where there were traditional leaders, academics, students and representatives from different non-governmental organisations.

    The Chairperson of the committee, Mr Supra Mahumapelo, said the People-Centred Oversight Mechanism is an initiative of the committee to ensure that ordinary citizens in villages, townships and small towns have a say in foreign policy and international trade relations that impact on their lives.

    The committee heard from the Western Cape legislature that no one must be left behind when it comes to international and trade relations and these policies have an impact on job creation and the economy of the country.

    There was a call to link trade agreements negotiated by the DIRCO and the Department of Trade, Industry and Competition with local governments that are affected by those agreements. That will ensure that municipalities will have a say in these agreements and implementation is at local level.

    Student representatives from the universities of the Western Cape, Cape Town and Stellenbosch appealed for opportunities for students to be able to participate in international trade delegations and in the drafting of policies on international relations. They called for inclusion in decision making as the future leaders of the country.

    The women’s wing of the Congress of Traditional Leaders of South Africa welcomed the opportunity to engage with the committee. The role of the DIRCO is significant and the management of the influx of refugees is a challenge that requires engagement with all stakeholders. There is little engagement with traditional leaders in this regard. With the incorporation of the traditional leadership, social cohesion will be enhanced.

    With reference to the United States (USA), the opposition parties in the Western Cape Legislature reiterated the need for the province to send a positive message to the international community that South Africa is a united country especially when there are utterances that impact on the economic policy of South Africa.

    Labour unions positively viewed the engagement and called for more such dialogues so that workers on the ground can understand what foreign policy is and informed the committee that there is a need for structured platforms so that information reaches the workers. A call was made to the DIRCO to use social media platforms to disseminate information to inform workers and ordinary people on the ground about what is happening internationally.

    COSATU representatives called for all international agreements to translate into job creation in the country. The representative called for migrant workers to be protected and there should be a labour impact assessment in countries that export goods to South Africa. The impact of imported goods from the European Union and China have an impact on local jobs.

    Africa’s Growth and Opportunity Act was passed as part of the Trade and Development Act of 2000 in the USA. It provides duty- free access to the USA market for almost all products from more than 40 eligible sub-Saharan African countries including South Africa. The impact of the 30% increase on tariffs on exports needs to be engaged on.

    The committee heard the sentiment among the people about the importance of the oversight mechanism and their hope for its effectiveness. Representatives also called for monitoring and evaluation of the oversight mechanism, transparency and accessibility. The committee will upon the end of the launch proramme at all the nine provinces, develop monitoring and evaluation mechanism for the programme.

    The Chairperson of the committee, Mr Supra Mahumapelo said that going forward the DIRCO will provide reports on Trade Agreements and their impact on a quarterly basis. The reports will include the volume of minerals/products produced and released in SA for export. He said: “ Together with the Portfolio Committee on Employment and Labour we must be able to engage with our counterparts on the trumpeting tariffs of the US.”

    Mr Mahumapelo said workers in South Africa must be able to understand how the utterances of the US affect the economic growth of South Africa. The People-Centred Oversight Mechanism has been launched in Mpumalanga, North West and Gauteng provinces. The committee strives to complete to launch the programme in the remaining five provinces by early next year 2026.”

    Distributed by APO Group on behalf of Republic of South Africa: The Parliament.

    MIL OSI Africa –

    July 17, 2025
  • MIL-OSI Submissions: East African countries and open borders: great strides, but still a long way to go

    Source: The Conversation – Africa – By Alan Hirsch, Senior Research Fellow New South Institute, Emeritus Professor at The Nelson Mandela School of Public Governance, University of Cape Town

    It’s not uncommon to find a Ugandan taxi driver in Rwanda’s capital, Kigali, just as one regularly meets Zimbabwean Uber drivers in South Africa. But there is a big difference. A Ugandan working in Rwanda most likely has a secure legal right to be there, whereas Zimbabweans working in South Africa are often uncertain of their current or future legality.

    East Africa has made greater strides towards the free flow of people crossing borders and seeking work than most of Africa. Only the Economic Community of West African States (Ecowas) is in the same league.

    While the African Union’s Free Movement of Persons protocol has faltered at a continental level, some of the regional economic communities have made progress. The Southern African Development Community (SADC) allows visa-free travel across almost all its borders.

    Ecowas and the East African Community (EAC) have driven ambitiously towards regional common markets including the freeing up of job-seeking, residential settlement and business development across the borders of member states.

    The New South Institute, a think-tank focused on governance reforms in the global south, is nearing the end of a research programme on migration governance reform in Africa. Our new report is on East Africa.

    We have found that unlike much of the global north, the African continent is moving towards more open borders for people. In some of the global south the promise of economic growth outweighs political fears. Yet progress is slow, and not coordinated. Mostly migration reform happens in regions and between neighbours.

    The progress in the East African Community is particularly notable compared with other African regional communities. We identify a number of reasons for this, including strong leadership and co-operation between state and non-state actors.

    The commitment to free movement

    The East African Community adopted its Common Market Protocol in 2010. The bloc is made up of Tanzania, Uganda, Kenya, Rwanda, Burundi, South Sudan, the DRC and Somalia.

    The regional body’s common market pact includes the movement of goods, services, capital and people. It gives people the right – on paper at least – to find employment across borders, the right to reside and the right to establish a business. There is also a commitment to the harmonisation and mutual recognition of academic and professional qualifications and labour policies to ease mobility.

    Even before the common market protocol, the regional bloc began to establish one-stop border posts on many of its internal borders to facilitate the flow of goods and people. Though they don’t all operate the same way or equally well, they have been successful at easing movement.

    Uneven outcomes

    The common market’s impact on the movement of people has been uneven within the region. Most integrated are Uganda, Kenya and Rwanda, which allow the cross-border movement of citizens with standardised identity documents – they do not need passports.

    It is also relatively easy to get jobs across these borders.

    Tanzania and Burundi are close to the inner circle but still require passports, though no visas. The three states which joined more recently, South Sudan, the DRC and Somalia, are all fragile states with governance systems that do not always meet the standards needed for acceptance into all the privileges of the regional bloc.

    In practice there is differential treatment. Generally, it is more difficult for citizens of the three latecomers to get regular access and jobs in their regional partners.

    Another limitation when it comes to the mobility of people is that little progress has been made in the formal harmonisation of education, health and social welfare systems between member states. This inhibits job seeking across borders.

    In addition, national labour laws, which tend to require permits for foreigners, still apply to varying degrees in the region. Some countries are more permissive. For example, Kenya, Uganda and Rwanda have a reciprocal no-fee work permit agreement.

    Another shortcoming has been that the outcomes of court processes in enforcing the freedom of movement have been disappointing. This is so even though the regional bloc has an active East African Court of Justice. Its legal mandate includes the enforcement of the bloc’s treaty and its protocols.

    In some cases the court has found that national actions inhibiting the movement of persons were trumped by the regional protocol. It has instructed the errant governments to comply. But its ability to enforce the decisions is minimal.

    Reasons for success

    Leadership has been important. The fact that the strongest economy in the region, Kenya, has been part of the leading echelon is significant.

    Rwanda and Uganda have led by example too. Rwanda was one of the first countries on the continent to offer visa-free entry to all other African countries. For its part, Uganda is widely admired for its refugee inclusion programmes.

    Another factor outlined in our report has been the opportunity for collaboration fostered by relationships between formal institutions, such as governments, and non-state actors such as the International Organisation for Migration. Interactions between these various players have created opportunities for officials and policymakers from states of the region to meet, discuss issues of concern, and develop relationships of trust and understanding.

    Another non-state donor-funded actor, TradeMark Africa, which was established in 2010 to support in the implementation of the common market in east Africa, provided considerable support. For example it supported the implementation of the regional One-Stop Border Post programme..

    Way forward

    Based on our report we identified changes that could make a positive difference.

    Firstly, the development of reliable, harmonised systems in the region to collect and manage data on population mobility and employment. This would build confidence that policy was being made on the basis of reliable information.

    Secondly, reducing friction in cross-border monetary transactions, including migrants’ remittances. This would make it easier for migrants to send some of their income to their countries of origin.

    Thirdly, improvements to population registers, identity documents, passports and cross-border migration management systems. Improvements would build mutual trust in the integrity of systems and pave the way for further commitments to lowering migration barriers.

    Fourth, cooperation on cross-border access to social services such as health and education. This is one of the most important intermediate steps towards freeing up mobility for the citizens of the region.

    Fifth, reconsidering some of the amendments made to weaken the East African Court of Justice in 2007. This would strengthen the de jure powers of the court, adding considerably to the entrenchment of cross-border rights in the region.

    Ultimately, the key constraint in the region is political and security instability, which holds back social and economic development. Nevertheless, incremental progress on mobility is possible despite issues in the fragile states, even though it may result in asymmetric progress within the East African Community.

    Alan Hirsch’s work on migration governance is part of his responsibilities while employed as a Senior Research Fellow at the New South Institute.

    – ref. East African countries and open borders: great strides, but still a long way to go – https://theconversation.com/east-african-countries-and-open-borders-great-strides-but-still-a-long-way-to-go-261021

    MIL OSI –

    July 17, 2025
  • MIL-OSI Russia: Materials for the Government meeting on July 17, 2025.

    Translation. Region: Russian Federal

    Source: Government of the Russian Federation – Government of the Russian Federation –

    An important disclaimer is at the bottom of this article.

    The following issues are planned to be considered at the meeting:

    1. On the allocation of budgetary allocations to the Ministry of Industry and Trade of Russia in 2025 from the reserve fund of the Government of the Russian Federation for the provision of one-time financial assistance in the form of a subsidy from the federal budget to the budget of the Republic of Tatarstan

    The draft order is aimed at providing financial support for the implementation of the investment project “Complex for the production of large-tonnage LNG compressor units” in the single-industry town of Zelenodolsk.

    2. On the allocation of budgetary allocations to Rosaviatsia in 2025 from the reserve fund of the Government of the Russian Federation for the purpose of providing subsidies from the federal budget to Russian airports

    The draft order is aimed at partial reimbursement of expenses for ordinary activities and interest on credit agreements or loan agreements during the period of introduction of the temporary flight restriction regime to airports in the southern and central parts of Russia for December 2024 – June 2025.

    3. On the allocation of budgetary allocations to the Ministry of Transport of Russia in 2025 from the reserve fund of the Government of the Russian Federation within the framework of the state program of the Russian Federation “Development of the transport system”

    The funds are needed to implement the project “Construction of the Bagaevsky hydroelectric complex on the Don River. Objects of the 2nd stage (main period).”

    4. On the allocation of budgetary appropriations to the Ministry of Construction of Russia in 2025 from the reserve fund of the Government of the Russian Federation for the purpose of providing another inter-budget transfer from the federal budget to the budget of the Orenburg Region

    The draft order is aimed at reimbursing the regional budget for the costs incurred in financial support for the implementation of social support measures for citizens whose residential premises were lost and/or damaged as a result of the emergency caused by the spring floods of 2024.

    5. On the allocation of budgetary appropriations to the Ministry of Construction of Russia in 2025 from the reserve fund of the Government of the Russian Federation for the provision of a subsidy from the federal budget within the framework of the federal project “Assistance to the development of infrastructure of the constituent entities of the Russian Federation (municipalities)” to the budget of the Saratov region for the purpose of implementing the project “Bank protection of the Volgograd reservoir on the section from the first berth to the solarium “Zaton” city of Saratov (stages 2, 3)”

    The adoption of the draft order will ensure the creation of a full-fledged coastal protection belt and the use of the embankment as a center of public and cultural activity in Saratov.

    6. On the allocation of budgetary appropriations from the reserve fund of the Government of the Russian Federation to the Ministry of Economic Development of Russia in 2025

    The draft order is aimed at providing the Federal Corporation for the Development of Small and Medium-Sized Entrepreneurship joint-stock company with a subsidy from the federal budget for the implementation of projects aimed at developing special economic zones and single-industry municipalities of the Russian Federation (single-industry towns).

    Moscow, July 16, 2025

    The content of the press releases of the Department of Press Service and References is a presentation of materials submitted by federal executive bodies for discussion at a meeting of the Government of the Russian Federation.

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

    MIL OSI Russia News –

    July 17, 2025
  • MIL-OSI Russia: Government meeting (2025, No. 24).

    Translation. Region: Russian Federal

    Source: Government of the Russian Federation – Government of the Russian Federation –

    An important disclaimer is at the bottom of this article.

    1. On the allocation of budgetary allocations to the Ministry of Industry and Trade of Russia in 2025 from the reserve fund of the Government of the Russian Federation for the provision of one-time financial assistance in the form of a subsidy from the federal budget to the budget of the Republic of Tatarstan

    The draft order is aimed at providing financial support for the implementation of the investment project “Complex for the production of large-tonnage LNG compressor units” in the single-industry town of Zelenodolsk.

    2. On the allocation of budgetary allocations to Rosaviatsia in 2025 from the reserve fund of the Government of the Russian Federation for the purpose of providing subsidies from the federal budget to Russian airports

    The draft order is aimed at partial reimbursement of expenses for ordinary activities and interest on credit agreements or loan agreements during the period of introduction of the temporary flight restriction regime to airports in the southern and central parts of Russia for December 2024 – June 2025.

    3. On the allocation of budgetary allocations to the Ministry of Transport of Russia in 2025 from the reserve fund of the Government of the Russian Federation within the framework of the state program of the Russian Federation “Development of the transport system”

    The funds are needed to implement the project “Construction of the Bagaevsky hydroelectric complex on the Don River. Objects of the 2nd stage (main period).”

    4. On the allocation of budgetary appropriations to the Ministry of Construction of Russia in 2025 from the reserve fund of the Government of the Russian Federation for the purpose of providing another inter-budget transfer from the federal budget to the budget of the Orenburg Region

    The draft order is aimed at reimbursing the regional budget for the costs incurred in financial support for the implementation of social support measures for citizens whose residential premises were lost and/or damaged as a result of the emergency caused by the spring floods of 2024.

    5. On the allocation of budgetary appropriations to the Ministry of Construction of Russia in 2025 from the reserve fund of the Government of the Russian Federation for the provision of a subsidy from the federal budget within the framework of the federal project “Assistance to the development of infrastructure of the constituent entities of the Russian Federation (municipalities)” to the budget of the Saratov region for the purpose of implementing the project “Bank protection of the Volgograd reservoir on the section from the first berth to the solarium “Zaton” city of Saratov (stages 2, 3)”

    The adoption of the draft order will ensure the creation of a full-fledged coastal protection belt and the use of the embankment as a center of public and cultural activity in Saratov.

    6. On the allocation of budgetary appropriations from the reserve fund of the Government of the Russian Federation to the Ministry of Economic Development of Russia in 2025

    The draft order is aimed at providing the Federal Corporation for the Development of Small and Medium-Sized Entrepreneurship joint-stock company with a subsidy from the federal budget for the implementation of projects aimed at developing special economic zones and single-industry municipalities of the Russian Federation (single-industry towns).

    Moscow, July 16, 2025

    The content of the press releases of the Department of Press Service and References is a presentation of materials submitted by federal executive bodies for discussion at a meeting of the Government of the Russian Federation.

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

    MIL OSI Russia News –

    July 17, 2025
  • MIL-OSI: OTC Markets Group Welcomes Freelancer Limited to OTCQX

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, July 17, 2025 (GLOBE NEWSWIRE) — OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced Freelancer Limited (ASX: FLN; OTCQX: FRLCY), the world’s largest freelancing and crowdsourcing marketplace by number of users and projects, has qualified to trade on the OTCQX® Best Market. Freelancer Limited upgraded to OTCQX from the Pink® market.

    Freelancer Limited begins trading its ADR today on OTCQX under the symbol “FRLCY.” U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.

    Upgrading to the OTCQX Market is an important step for companies seeking to provide transparent trading for their U.S. investors. For companies listed on a qualified international exchange, streamlined market standards enable them to utilize their home market reporting to make their information available in the U.S. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance and demonstrate compliance with applicable securities laws.

    About Freelancer Limited
    Thirteen-time Webby award-winning Freelancer is the world’s largest freelancing and crowdsourcing marketplace by total number of users and projects posted. More than 80 million registered users have posted over 25 million projects and contests to date in over 3,000 areas as diverse as website development, logo design, marketing, copywriting, astrophysics, aerospace engineering and manufacturing. Freelancer owns Escrow.com, the leading provider of secure online payments and online transaction management for consumers and businesses on the Internet with over US$8 billion in transactions secured. Freelancer also owns Loadshift, Australia’s largest heavy haulage freight marketplace with over 800 million kilometres of freight posted since inception. Freelancer Limited is listed on the Australian Securities Exchange under the ticker ASX:FLN and is quoted on OTCQX Market under the ticker FRLCY.

    About OTC Markets Group Inc.
    OTC Markets Group Inc. (OTCQX: OTCM) operates regulated markets for trading 12,000 U.S. and international securities. Our data-driven disclosure standards form the foundation of our public markets: OTCQX® Best Market, OTCQB® Venture Market, OTCID™️ Basic Market and Pink Limited Market.

    Our OTC Link® Alternative Trading Systems (ATSs) provide critical market infrastructure that broker-dealers rely on to facilitate trading. Our innovative model offers companies more efficient access to the U.S. financial markets.

    OTC Link ATS, OTC Link ECN, OTC Link NQB, and MOON ATS are each SEC regulated ATS, operated by OTC Link LLC, a FINRA and SEC registered broker-dealer, member SIPC. To learn more about how we create better informed and more efficient markets, visit
    www.otcmarkets.com.

    Subscribe to the OTC Markets RSS Feed

    Media Contact:
    OTC Markets Group Inc., +1 (212) 896-4428, media@otcmarkets.com

    The MIL Network –

    July 17, 2025
  • MIL-OSI Economics: Samsung in Partnership with Ocule IT Utilise Enterprise Development Bootcamp to Drive Economic Growth & Job Creation

    Source: Samsung

    Samsung is delivering the second phase of the Enterprise Development Bootcamp, while its partner Ocule IT is participating for the first time – providing support and expertise as part of this initiative. This transformative programme designed to prepare small and medium-sized enterprise (SME) participants for investment funding, with the ultimate aim of driving economic growth and job creation.
     
    This Bootcamp which was piloted last year is a critical component of Samsung’s R280-million worth Equity Equivalent Investment Programme (EEIP) and aims to equip entrepreneurs with the essential skills and knowledge needed to meet investor requirements and effectively approach the market. It is designed for aspiring entrepreneurs with experience in the Information and Communication Technology (ICT) field with innovative ideas and, this also includes start-ups and established enterprises aiming to scale or overcome challenges.
     
    This bootcamp is an intensive training programme and focuses on areas that include business management, financial planning and pitching to investors; designed to empower young entrepreneurs, particularly those from underserved communities, with skills and knowledge to launch and grow their businesses. Sponsored by Samsung, this EEIP transformative initiative is prioritising alumni’s from the Ocule IT Electronics Technician/Artisan programme.
     
    This programme is part of Samsung’s broader commitment to foster SME development and digital skills development in South Africa – leveraging local talent and expertise. Importantly, it is closely aligned with the National Development Plan (NDP) and black economic empowerment goals that are designed to transform the country’s economy by empowering Black South Africans – fostering a more equitable and inclusive society.
     
    Sanele Gcumisa, Managing Member of Ocule IT explained: “The launch of this Ocule IT and Samsung Enterprise Development initiative aims to empower entrepreneurs for investment readiness. This structured support seeks to ensure that participants are fully prepared to secure the needed funding to grow their businesses. This initiative underscores Ocule IT and Samsung’s commitment to foster entrepreneurship and drive economic growth by empowering businesses with business tools to become investor-ready.”
     
    This bootcamp focuses on fostering a dynamic and collaborative environment – empowering a diverse range of participants who already have a foundation in the electronics sector, while also enhancing the programme’s relevance and effectiveness. The programme provides training in areas that are relevant to starting and scaling a business, such as business planning, marketing and financial management.
     
    In particular, the structure of the Bootcamp involves a week-long intensive training session with masterclasses and opportunities to pitch business ideas for seed funding. The programme features a comprehensive five-day boot camp which took place the week of 07 – 11 July 2025 and will now be followed by a four-month incubation process that involves intensive mentoring.
     

     
    During this period, participants will work on creating a professional data room – a critical tool that potential funders and investors use to evaluate businesses. Also, this programme will provide a direct financial contribution of R500,000 to support participants in their entrepreneurial journey and take their businesses to the next level.
     
    A highlight of the initiative is the Pitch and Polish session, scheduled for the end of October 2025, where nine out of fifteen participants will have the opportunity to win cash prizes. These top performers are then divided into three categories, each comprising an average of five participants. The top three winners in the various tiers will be selected from each category, resulting in a total of nine winners. Following the Pitch and Polish session, the nine winners will undergo three months of monitoring as they submit their business plans and financials to potential funders and investors.
     
    Nicky Beukes, Samsung South Africa EEIP Project Manager said: “For us at Samsung, this programme’s impact goes beyond mere investment – it is there to offer financial support to Electronics Technician Programme alumni as well as innovative ideas to start a business and those who already have established enterprises but require additional assistance. The Bootcamp offers a comprehensive programme designed to nurture the entrepreneurial spirit of alumni and this, allows participants to gain access to seed funding, mentorship and business development workshops.”
     
    This holistic approach ensures that participants are equipped not only with financial resources but also with the strategic insights and practical skills necessary to succeed in the competitive electronics industry. With this programme, Samsung is able to provide successful entrepreneurs with access to its supply chain, potentially creating further business opportunities.
     
    Gcumisa added: “Because effective public, private partnerships (PPPs) are crucial to both our company and Samsung, we are also in the process of engaging with the KwaZulu-Natal Growth fund and Sefda including other business partners. Also, the plan is to have additional partners presenting in October closer to the Pitch and Polish stage to give final advice. All such activities will occur in the last quarter; however, the final details will be shared in due course. For now, the focus is to ensure that learners are presented with material that they can use to prepare for the Pitch and Polish.”
     
    This valuable initiative aligns with Samsung’s commitment to fostering entrepreneurship, skills development and positive social impact in the country. In essence, the Samsung EEIP ED Bootcamp provides a platform for ICT entrepreneurs to gain the skills, knowledge and support they need to thrive and contribute to the South African economy.
     
    Beukes concluded: “Our commitment to sustainable development in collaboration with Ocule IT ensures that the initiative contributes to long-term positive impacts on the local community. By empowering young entrepreneurs, the programme contributes to local economic participation and creates a more inclusive and innovative society.”

    MIL OSI Economics –

    July 17, 2025
  • MIL-OSI Economics: Samsung in Partnership with Ocule IT Utilise Enterprise Development Bootcamp to Drive Economic Growth & Job Creation

    Source: Samsung

    Samsung is delivering the second phase of the Enterprise Development Bootcamp, while its partner Ocule IT is participating for the first time – providing support and expertise as part of this initiative. This transformative programme designed to prepare small and medium-sized enterprise (SME) participants for investment funding, with the ultimate aim of driving economic growth and job creation.
     
    This Bootcamp which was piloted last year is a critical component of Samsung’s R280-million worth Equity Equivalent Investment Programme (EEIP) and aims to equip entrepreneurs with the essential skills and knowledge needed to meet investor requirements and effectively approach the market. It is designed for aspiring entrepreneurs with experience in the Information and Communication Technology (ICT) field with innovative ideas and, this also includes start-ups and established enterprises aiming to scale or overcome challenges.
     
    This bootcamp is an intensive training programme and focuses on areas that include business management, financial planning and pitching to investors; designed to empower young entrepreneurs, particularly those from underserved communities, with skills and knowledge to launch and grow their businesses. Sponsored by Samsung, this EEIP transformative initiative is prioritising alumni’s from the Ocule IT Electronics Technician/Artisan programme.
     
    This programme is part of Samsung’s broader commitment to foster SME development and digital skills development in South Africa – leveraging local talent and expertise. Importantly, it is closely aligned with the National Development Plan (NDP) and black economic empowerment goals that are designed to transform the country’s economy by empowering Black South Africans – fostering a more equitable and inclusive society.
     
    Sanele Gcumisa, Managing Member of Ocule IT explained: “The launch of this Ocule IT and Samsung Enterprise Development initiative aims to empower entrepreneurs for investment readiness. This structured support seeks to ensure that participants are fully prepared to secure the needed funding to grow their businesses. This initiative underscores Ocule IT and Samsung’s commitment to foster entrepreneurship and drive economic growth by empowering businesses with business tools to become investor-ready.”
     
    This bootcamp focuses on fostering a dynamic and collaborative environment – empowering a diverse range of participants who already have a foundation in the electronics sector, while also enhancing the programme’s relevance and effectiveness. The programme provides training in areas that are relevant to starting and scaling a business, such as business planning, marketing and financial management.
     
    In particular, the structure of the Bootcamp involves a week-long intensive training session with masterclasses and opportunities to pitch business ideas for seed funding. The programme features a comprehensive five-day boot camp which took place the week of 07 – 11 July 2025 and will now be followed by a four-month incubation process that involves intensive mentoring.
     

     
    During this period, participants will work on creating a professional data room – a critical tool that potential funders and investors use to evaluate businesses. Also, this programme will provide a direct financial contribution of R500,000 to support participants in their entrepreneurial journey and take their businesses to the next level.
     
    A highlight of the initiative is the Pitch and Polish session, scheduled for the end of October 2025, where nine out of fifteen participants will have the opportunity to win cash prizes. These top performers are then divided into three categories, each comprising an average of five participants. The top three winners in the various tiers will be selected from each category, resulting in a total of nine winners. Following the Pitch and Polish session, the nine winners will undergo three months of monitoring as they submit their business plans and financials to potential funders and investors.
     
    Nicky Beukes, Samsung South Africa EEIP Project Manager said: “For us at Samsung, this programme’s impact goes beyond mere investment – it is there to offer financial support to Electronics Technician Programme alumni as well as innovative ideas to start a business and those who already have established enterprises but require additional assistance. The Bootcamp offers a comprehensive programme designed to nurture the entrepreneurial spirit of alumni and this, allows participants to gain access to seed funding, mentorship and business development workshops.”
     
    This holistic approach ensures that participants are equipped not only with financial resources but also with the strategic insights and practical skills necessary to succeed in the competitive electronics industry. With this programme, Samsung is able to provide successful entrepreneurs with access to its supply chain, potentially creating further business opportunities.
     
    Gcumisa added: “Because effective public, private partnerships (PPPs) are crucial to both our company and Samsung, we are also in the process of engaging with the KwaZulu-Natal Growth fund and Sefda including other business partners. Also, the plan is to have additional partners presenting in October closer to the Pitch and Polish stage to give final advice. All such activities will occur in the last quarter; however, the final details will be shared in due course. For now, the focus is to ensure that learners are presented with material that they can use to prepare for the Pitch and Polish.”
     
    This valuable initiative aligns with Samsung’s commitment to fostering entrepreneurship, skills development and positive social impact in the country. In essence, the Samsung EEIP ED Bootcamp provides a platform for ICT entrepreneurs to gain the skills, knowledge and support they need to thrive and contribute to the South African economy.
     
    Beukes concluded: “Our commitment to sustainable development in collaboration with Ocule IT ensures that the initiative contributes to long-term positive impacts on the local community. By empowering young entrepreneurs, the programme contributes to local economic participation and creates a more inclusive and innovative society.”

    MIL OSI Economics –

    July 17, 2025
  • MIL-OSI: Texas Capital Bancshares, Inc. Announces Second Quarter 2025 Results

    Source: GlobeNewswire (MIL-OSI)

    Second quarter 2025 net income of $77.3 million and net income available to common stockholders
    of $73.0 million, up 86% and 95%, respectively, year-over-year

    Second quarter 2025 EPS of $1.58 per diluted share and adjusted EPS(1)of $1.63 per
    diluted share, up 98% and 104%, respectively, year-over-year

    Strong balance sheet growth with total loans increasing 7% quarter-over-quarter and 10% year-over-year

    Book Value and Tangible Book Value(2)per share both increasing 13% year-over-year, reaching record levels

    DALLAS, July 17, 2025 (GLOBE NEWSWIRE) — Texas Capital Bancshares, Inc. (NASDAQ: TCBI), the parent company of Texas Capital Bank, announced operating results for the second quarter of 2025.

    “Our multi-year focus on building a differentiated, full-service financial services firm has strengthened our client franchise and consistently delivered high-quality outcomes across our platform, driving strong financial performance this quarter,” said Rob C. Holmes, Chairman, President & CEO. “The strategic actions we’ve taken have structurally enhanced our earnings power, and as we enter the second half of the year, the breadth of our capabilities and the strength of our balance sheet position us to deliver durable, through-cycle results for both clients and shareholders.”

      2nd Quarter   1st Quarter   2nd Quarter
    (dollars in thousands except per share data)   2025       2025       2024  
    OPERATING RESULTS          
    Net income $ 77,328     $ 47,047     $ 41,662  
    Net income available to common stockholders $ 73,016     $ 42,734     $ 37,350  
    Pre-provision net revenue(3) $ 117,188     $ 77,458     $ 78,597  
    Diluted earnings per common share $ 1.58     $ 0.92     $ 0.80  
    Diluted common shares   46,215,394       46,616,704       46,872,498  
    Return on average assets   0.99 %     0.61 %     0.56 %
    Return on average common equity   9.17 %     5.56 %     5.26 %
               
    OPERATING RESULTS, ADJUSTED(1)          
    Net income $ 79,841     $ 47,047     $ 42,020  
    Net income available to common stockholders $ 75,529     $ 42,734     $ 37,708  
    Pre-provision net revenue(3) $ 120,475     $ 77,458     $ 79,059  
    Diluted earnings per common share $ 1.63     $ 0.92     $ 0.80  
    Diluted common shares   46,215,394       46,616,704       46,872,498  
    Return on average assets   1.02 %     0.61 %     0.57 %
    Return on average common equity   9.48 %     5.56 %     5.31 %
               
    BALANCE SHEET          
    Loans held for investment $ 18,035,945     $ 17,654,243     $ 16,700,569  
    Loans held for investment, mortgage finance   5,889,589       4,725,541       5,078,161  
    Total loans held for investment   23,925,534       22,379,784       21,778,730  
    Loans held for sale   —       —       36,785  
    Total assets   31,943,535       31,375,749       29,854,994  
    Non-interest bearing deposits   7,718,006       7,874,780       7,987,715  
    Total deposits   26,064,309       26,053,034       23,818,327  
    Stockholders’ equity   3,510,070       3,429,774       3,175,601  
               

    (1) These adjusted measures are non-GAAP measures. Please refer to “GAAP to Non-GAAP Reconciliations” for the computations of these adjusted measures and the reconciliation of these non-GAAP measures to the most directly comparable GAAP measure.
    (2) Stockholders’ equity excluding preferred stock, less goodwill and intangibles, divided by shares outstanding at period end.
    (3) Net interest income plus non-interest income, less non-interest expense.

    SECOND QUARTER 2025 COMPARED TO FIRST QUARTER 2025

    For the second quarter of 2025, net income available to common stockholders was $73.0 million, or $1.58 per diluted share, compared to $42.7 million, or $0.92 per diluted share, for the first quarter of 2025.

    Provision for credit losses for the second quarter of 2025 was $15.0 million, compared to $17.0 million for the first quarter of 2025. The $15.0 million provision for credit losses recorded in the second quarter of 2025 resulted primarily from an increase in total loans held for investment (“LHI”) and $13.0 million in net charge-offs, partially offset by a decrease in criticized loans.

    Net interest income was $253.4 million for the second quarter of 2025, compared to $236.0 million for the first quarter of 2025, primarily due to increases in average earning assets and earning asset yields, a decrease in average short-term borrowings and the impact of one additional day in the second quarter. Net interest margin for the second quarter of 2025 was 3.35%, an increase of 16 basis points from the first quarter of 2025. LHI, excluding mortgage finance, yields decreased 4 basis points from the first quarter of 2025 and LHI, mortgage finance, yields increased 49 basis points from the first quarter of 2025. Total cost of deposits was 2.65% for the second quarter of 2025, an 11 basis point decrease from the first quarter of 2025.

    Non-interest income for the second quarter of 2025 increased $9.6 million compared to the first quarter of 2025 primarily due to increases in investment banking and advisory fees and trading income, partially offset by a $1.9 million loss on sale of available-for-sale debt securities recognized during the second quarter of 2025.

    Non-interest expense for the second quarter of 2025 decreased $12.7 million compared to the first quarter of 2025, primarily due to decreases in salaries and benefits, related to the effect of seasonal payroll expenses that peak in the first quarter, and legal and professional expense, partially offset by an increase in other non-interest expense.

    SECOND QUARTER 2025 COMPARED TO SECOND QUARTER 2024

    Net income available to common stockholders was $73.0 million, or $1.58 per diluted share, for the second quarter of 2025, compared to $37.4 million, or $0.80 per diluted share, for the second quarter of 2024.

    The second quarter of 2025 included a $15.0 million provision for credit losses, reflecting an increase in total LHI and $13.0 million in net charge-offs, partially offset by a decline in criticized loans, compared to a $20.0 million provision for credit losses for the second quarter of 2024.

    Net interest income increased to $253.4 million for the second quarter of 2025, compared to $216.6 million for the second quarter of 2024, primarily due to an increase in average earning assets and a decrease in funding costs, partially offset by an increase in average interest bearing liabilities. Net interest margin increased 34 basis points to 3.35% for the second quarter of 2025, as compared to the second quarter of 2024. LHI, excluding mortgage finance, yields decreased 44 basis points compared to the second quarter of 2024 and LHI, mortgage finance yields increased 48 basis points from the second quarter of 2024. Total cost of deposits decreased 34 basis points compared to the second quarter of 2024.

    Non-interest income for the second quarter of 2025 increased $3.6 million compared to the second quarter of 2024 primarily due to increases in service charges on deposit accounts, trading income and other non-interest income, partially offset by the loss on sale of available-for-sale debt securities mentioned above.

    Non-interest expense for the second quarter of 2025 increased $1.9 million compared to the second quarter of 2024, primarily due to increases in salaries and benefits, occupancy expense and communications and technology expense, partially offset by a decrease in marketing expense.

    CREDIT QUALITY

    Net charge-offs of $13.0 million were recorded during the second quarter of 2025, compared to net charge-offs of $9.8 million and $12.0 million during the first quarter of 2025 and the second quarter of 2024, respectively. Criticized loans totaled $637.5 million at June 30, 2025, compared to $762.9 million at March 31, 2025 and $859.7 million at June 30, 2024. Non-accrual LHI totaled $113.6 million at June 30, 2025, compared to $93.6 million at March 31, 2025 and $85.0 million at June 30, 2024. The ratio of non-accrual LHI to total LHI for the second quarter of 2025 was 0.47%, compared to 0.42% for the first quarter of 2025 and 0.39% for the second quarter of 2024. The ratio of total allowance for credit losses to total LHI was 1.40% at June 30, 2025, compared to 1.48% and 1.44% at March 31, 2025 and June 30, 2024, respectively.

    REGULATORY RATIOS AND CAPITAL

    All regulatory ratios continue to be in excess of “well capitalized” requirements as of June 30, 2025. CET1, tier 1 capital, total capital and leverage ratios were 11.4%, 12.9%, 15.3% and 11.8%, respectively, at June 30, 2025, compared to 11.6%, 13.1%, 15.6% and 11.8%, respectively, at March 31, 2025 and 11.6%, 13.1%, 15.7% and 12.2%, respectively, at June 30, 2024. At June 30, 2025, our ratio of tangible common equity to total tangible assets was 10.1%, compared to 10.0% at March 31, 2025 and 9.6% at June 30, 2024.

    During the second quarter of 2025, the Company repurchased 317,860 shares of its common stock for an aggregate purchase price, including excise tax expense, of $21.0 million, at a weighted average price of $65.50 per share.

    About Texas Capital Bancshares, Inc.

    Texas Capital Bancshares, Inc. (NASDAQ®: TCBI), a member of the Russell 2000®Index and the S&P MidCap 400®, is the parent company of Texas Capital Bank (“TCB”). Texas Capital is the collective brand name for TCB and its separate, non-bank affiliates and wholly-owned subsidiaries. Texas Capital is a full-service financial services firm that delivers customized solutions to businesses, entrepreneurs and individual customers. Founded in 1998, the institution is headquartered in Dallas with offices in Austin, Houston, San Antonio, and Fort Worth, and has built a network of clients across the country. With the ability to service clients through their entire lifecycles, Texas Capital has established commercial banking, consumer banking, investment banking and wealth management capabilities.

    Forward Looking Statements

    This communication contains “forward-looking statements” within the meaning of and pursuant to the Private Securities Litigation Reform Act of 1995 regarding, among other things, TCBI’s financial condition, results of operations, business plans and future performance. These statements are not historical in nature and may often be identified by the use of words such as “believes,” “projects,” “expects,” “may,” “estimates,” “should,” “plans,” “targets,” “intends” “could,” “would,” “anticipates,” “potential,” “confident,” “optimistic” or the negative thereof, or other variations thereon, or comparable terminology, or by discussions of strategy, objectives, estimates, trends, guidance, expectations and future plans.

    Because forward-looking statements relate to future results and occurrences, they are subject to inherent and various uncertainties, risks, and changes in circumstances that are difficult to predict, may change over time, are based on management’s expectations and assumptions at the time the statements are made and are not guarantees of future results. Numerous risks and other factors, many of which are beyond management’s control, could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. While there can be no assurance that any list of risks is complete, important risks and other factors that could cause actual results to differ materially from those contemplated by forward-looking statements include, but are not limited to: economic or business conditions in Texas, the United States or globally that impact TCBI or its customers; negative credit quality developments arising from the foregoing or other factors, including recent trade policies and their impact on our customers; TCBI’s ability to effectively manage its liquidity and maintain adequate regulatory capital to support its businesses; TCBI’s ability to pursue and execute upon growth plans, whether as a function of capital, liquidity or other limitations; TCBI’s ability to successfully execute its business strategy, including its strategic plan and developing and executing new lines of business and new products and services and potential strategic acquisitions; the extensive regulations to which TCBI is subject and its ability to comply with applicable governmental regulations, including legislative and regulatory changes; TCBI’s ability to effectively manage information technology systems, including third party vendors, cyber or data privacy incidents or other failures, disruptions or security breaches; TCBI’s ability to use technology to provide products and services to its customers; risks related to the development and use of artificial intelligence; changes in interest rates, including the impact of interest rates on TCBI’s securities portfolio and funding costs, as well as related balance sheet implications stemming from the fair value of our assets and liabilities; the effectiveness of TCBI’s risk management processes strategies and monitoring; fluctuations in commercial and residential real estate values, especially as they relate to the value of collateral supporting TCBI’s loans; the failure to identify, attract and retain key personnel and other employees; adverse developments in the banking industry and the potential impact of such developments on customer confidence, liquidity and regulatory responses to these developments, including in the context of regulatory examinations and related findings and actions; negative press and social media attention with respect to the banking industry or TCBI, in particular; claims, litigation or regulatory investigations and actions that TCBI may become subject to; severe weather, natural disasters, climate change, acts of war, terrorism, global or other geopolitical conflicts, or other external events, as well as related legislative and regulatory initiatives; and the risks and factors more fully described in TCBI’s most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other documents and filings with the SEC. The information contained in this communication speaks only as of its date. Except to the extent required by applicable law or regulation, we disclaim any obligation to update such factors or to publicly announce the results of any revisions to any of the forward-looking statements included herein to reflect future events or developments.

    TEXAS CAPITAL BANCSHARES, INC.
    SELECTED FINANCIAL HIGHLIGHTS (UNAUDITED)
    (dollars in thousands except per share data)
      2nd Quarter 1st Quarter 4th Quarter 3rd Quarter 2nd Quarter
        2025     2025     2024     2024     2024  
    CONSOLIDATED STATEMENTS OF INCOME          
    Interest income $ 439,567   $ 427,289   $ 437,571   $ 452,533   $ 422,068  
    Interest expense   186,172     191,255     207,964     212,431     205,486  
    Net interest income   253,395     236,034     229,607     240,102     216,582  
    Provision for credit losses   15,000     17,000     18,000     10,000     20,000  
    Net interest income after provision for credit losses   238,395     219,034     211,607     230,102     196,582  
    Non-interest income   54,069     44,444     54,074     (114,771 )   50,424  
    Non-interest expense   190,276     203,020     172,159     195,324     188,409  
    Income/(loss) before income taxes   102,188     60,458     93,522     (79,993 )   58,597  
    Income tax expense/(benefit)   24,860     13,411     22,499     (18,674 )   16,935  
    Net income/(loss)   77,328     47,047     71,023     (61,319 )   41,662  
    Preferred stock dividends   4,312     4,313     4,312     4,313     4,312  
    Net income/(loss) available to common stockholders $ 73,016   $ 42,734   $ 66,711   $ (65,632 ) $ 37,350  
    Diluted earnings/(loss) per common share $ 1.58   $ 0.92   $ 1.43   $ (1.41 ) $ 0.80  
    Diluted common shares   46,215,394     46,616,704     46,770,961     46,608,742     46,872,498  
    CONSOLIDATED BALANCE SHEET DATA          
    Total assets $ 31,943,535   $ 31,375,749   $ 30,731,883   $ 31,629,299   $ 29,854,994  
    Loans held for investment   18,035,945     17,654,243     17,234,492     16,764,512     16,700,569  
    Loans held for investment, mortgage finance   5,889,589     4,725,541     5,215,574     5,529,659     5,078,161  
    Loans held for sale   —     —     —     9,022     36,785  
    Interest bearing cash and cash equivalents   2,507,691     3,600,969     3,012,307     3,894,537     2,691,352  
    Investment securities   4,608,628     4,531,219     4,396,115     4,405,520     4,388,976  
    Non-interest bearing deposits   7,718,006     7,874,780     7,485,428     9,070,804     7,987,715  
    Total deposits   26,064,309     26,053,034     25,238,599     25,865,255     23,818,327  
    Short-term borrowings   1,250,000     750,000     885,000     1,035,000     1,675,000  
    Long-term debt   620,256     660,521     660,346     660,172     659,997  
    Stockholders’ equity   3,510,070     3,429,774     3,367,936     3,354,044     3,175,601  
               
    End of period shares outstanding   45,746,836     46,024,933     46,233,812     46,207,757     46,188,078  
    Book value per share $ 70.17   $ 68.00   $ 66.36   $ 66.09   $ 62.26  
    Tangible book value per share(1) $ 70.14   $ 67.97   $ 66.32   $ 66.06   $ 62.23  
    SELECTED FINANCIAL RATIOS          
    Net interest margin   3.35 %   3.19 %   2.93 %   3.16 %   3.01 %
    Return on average assets   0.99 %   0.61 %   0.88 % (0.78 )%   0.56 %
    Return on average assets, adjusted(4)   1.02 %   0.61 %   0.88 %   1.00 %   0.57 %
    Return on average common equity   9.17 %   5.56 %   8.50 % (8.87 )%   5.26 %
    Return on average common equity, adjusted(4)   9.48 %   5.56 %   8.50 %   10.04 %   5.31 %
    Efficiency ratio(2)   61.9 %   72.4 %   60.7 %   155.8 %   70.6 %
    Efficiency ratio, adjusted(2)(4)   61.1 %   72.4 %   60.7 %   62.3 %   70.4 %
    Non-interest income to average earning assets   0.72 %   0.60 %   0.69 % (1.52 )%   0.71 %
    Non-interest income to average earning assets, adjusted(4)   0.74 %   0.60 %   0.69 %   0.86 %   0.71 %
    Non-interest expense to average earning assets   2.52 %   2.75 %   2.21 %   2.59 %   2.65 %
    Non-interest expense to average earning assets, adjusted(4)   2.50 %   2.75 %   2.21 %   2.52 %   2.65 %
    Common equity to total assets   10.1 %   10.0 %   10.0 %   9.7 %   9.6 %
    Tangible common equity to total tangible assets(3)   10.1 %   10.0 %   10.0 %   9.7 %   9.6 %
    Common Equity Tier 1   11.4 %   11.6 %   11.4 %   11.2 %   11.6 %
    Tier 1 capital   12.9 %   13.1 %   12.8 %   12.6 %   13.1 %
    Total capital   15.3 %   15.6 %   15.4 %   15.2 %   15.7 %
    Leverage   11.8 %   11.8 %   11.3 %   11.4 %   12.2 %

    (1) Stockholders’ equity excluding preferred stock, less goodwill and intangibles, divided by shares outstanding at period end.
    (2) Non-interest expense divided by the sum of net interest income and non-interest income.
    (3) Stockholders’ equity excluding preferred stock, less goodwill and intangibles, divided by total assets, less goodwill and intangibles.
    (4) These adjusted measures are non-GAAP measures. Please refer to “GAAP to Non-GAAP Reconciliations” for the computations of these adjusted measures and the reconciliation of these non-GAAP measures to the most directly comparable GAAP measure.

    TEXAS CAPITAL BANCSHARES, INC.
    CONSOLIDATED BALANCE SHEETS (UNAUDITED)
    (dollars in thousands)
      June 30,
    2025
    March 31,
    2025
    December 31,
    2024
    September 30,
    2024
    June 30,
    2024
    Assets          
    Cash and due from banks $ 182,451   $ 201,504   $ 176,501   $ 297,048   $ 221,727  
    Interest bearing cash and cash equivalents   2,507,691     3,600,969     3,012,307     3,894,537     2,691,352  
    Available-for-sale debt securities   3,774,141     3,678,378     3,524,686     3,518,662     3,483,231  
    Held-to-maturity debt securities   761,907     779,354     796,168     812,432     831,513  
    Equity securities   68,692     71,679     75,261     74,426     74,232  
    Trading securities   3,888     1,808     —     —     —  
    Investment securities   4,608,628     4,531,219     4,396,115     4,405,520     4,388,976  
    Loans held for sale   —     —     —     9,022     36,785  
    Loans held for investment, mortgage finance   5,889,589     4,725,541     5,215,574     5,529,659     5,078,161  
    Loans held for investment   18,035,945     17,654,243     17,234,492     16,764,512     16,700,569  
    Less: Allowance for credit losses on loans   277,648     278,379     271,709     273,143     267,297  
    Loans held for investment, net   23,647,886     22,101,405     22,178,357     22,021,028     21,511,433  
    Premises and equipment, net   86,831     84,575     85,443     81,577     69,464  
    Accrued interest receivable and other assets   908,552     854,581     881,664     919,071     933,761  
    Goodwill and intangibles, net   1,496     1,496     1,496     1,496     1,496  
    Total assets $ 31,943,535   $ 31,375,749   $ 30,731,883   $ 31,629,299   $ 29,854,994  
               
    Liabilities and Stockholders’ Equity          
    Liabilities:          
    Non-interest bearing deposits $ 7,718,006   $ 7,874,780   $ 7,485,428   $ 9,070,804   $ 7,987,715  
    Interest bearing deposits   18,346,303     18,178,254     17,753,171     16,794,451     15,830,612  
    Total deposits   26,064,309     26,053,034     25,238,599     25,865,255     23,818,327  
    Accrued interest payable   14,120     25,270     23,680     18,679     23,841  
    Other liabilities   484,780     457,150     556,322     696,149     502,228  
    Short-term borrowings   1,250,000     750,000     885,000     1,035,000     1,675,000  
    Long-term debt   620,256     660,521     660,346     660,172     659,997  
    Total liabilities   28,433,465     27,945,975     27,363,947     28,275,255     26,679,393  
               
    Stockholders’ equity:          
    Preferred stock, $.01 par value, $1,000 liquidation value:          
    Authorized shares – 10,000,000          
    Issued shares(1)   300,000     300,000     300,000     300,000     300,000  
    Common stock, $.01 par value:          
    Authorized shares – 100,000,000          
    Issued shares(2)   517     517     515     515     515  
    Additional paid-in capital   1,065,083     1,060,028     1,056,719     1,054,614     1,050,114  
    Retained earnings   2,611,401     2,538,385     2,495,651     2,428,940     2,494,572  
    Treasury stock(3)   (354,000 )   (332,994 )   (301,842 )   (301,868 )   (301,868 )
    Accumulated other comprehensive loss, net of taxes   (112,931 )   (136,162 )   (183,107 )   (128,157 )   (367,732 )
    Total stockholders’ equity   3,510,070     3,429,774     3,367,936     3,354,044     3,175,601  
    Total liabilities and stockholders’ equity $ 31,943,535   $ 31,375,749   $ 30,731,883   $ 31,629,299   $ 29,854,994  
               
    (1) Preferred stock – issued shares   300,000     300,000     300,000     300,000     300,000  
    (2) Common stock – issued shares   51,747,305     51,707,542     51,520,315     51,494,260     51,474,581  
    (3) Treasury stock – shares at cost   6,000,469     5,682,609     5,286,503     5,286,503     5,286,503  
    TEXAS CAPITAL BANCSHARES, INC.        
    CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)        
    (dollars in thousands except per share data)        
      Three Months Ended June 30, Six Months Ended June 30,
        2025   2024   2025   2024
    Interest income        
    Interest and fees on loans $ 364,358   $ 345,251 $ 698,508   $ 676,130
    Investment securities   45,991     33,584   92,556     65,728
    Interest bearing cash and cash equivalents   29,218     43,233   75,792     97,588
    Total interest income   439,567     422,068   866,856     839,446
    Interest expense        
    Deposits   174,798     181,280   349,734     356,880
    Short-term borrowings   3,444     12,749   11,690     25,532
    Long-term debt   7,930     11,457   16,003     25,443
    Total interest expense   186,172     205,486   377,427     407,855
    Net interest income   253,395     216,582   489,429     431,591
    Provision for credit losses   15,000     20,000   32,000     39,000
    Net interest income after provision for credit losses   238,395     196,582   457,429     392,591
    Non-interest income        
    Service charges on deposit accounts   8,182     5,911   16,022     12,250
    Wealth management and trust fee income   3,730     3,699   7,694     7,266
    Brokered loan fees   2,398     2,131   4,347     4,042
    Investment banking and advisory fees   24,109     25,048   40,587     43,472
    Trading income   7,896     5,650   13,835     10,362
    Available-for-sale debt securities losses   (1,886 )   —   (1,886 )   —
    Other   9,640     7,985   17,914     14,351
    Total non-interest income   54,069     50,424   98,513     91,743
    Non-interest expense        
    Salaries and benefits   120,154     118,840   251,795     247,567
    Occupancy expense   12,144     10,666   22,988     20,403
    Marketing   3,624     5,996   8,633     12,032
    Legal and professional   11,069     11,273   26,058     27,468
    Communications and technology   24,314     22,013   47,956     43,127
    Federal Deposit Insurance Corporation insurance assessment   5,096     5,570   10,437     13,991
    Other   13,875     14,051   25,429     26,214
    Total non-interest expense   190,276     188,409   393,296     390,802
    Income before income taxes   102,188     58,597   162,646     93,532
    Income tax expense   24,860     16,935   38,271     25,728
    Net income   77,328     41,662   124,375     67,804
    Preferred stock dividends   4,312     4,312   8,625     8,625
    Net income available to common stockholders $ 73,016   $ 37,350 $ 115,750   $ 59,179
             
    Basic earnings per common share $ 1.59   $ 0.80 $ 2.52   $ 1.26
    Diluted earnings per common share $ 1.58   $ 0.80 $ 2.49   $ 1.25
    TEXAS CAPITAL BANCSHARES, INC.
    SUMMARY OF CREDIT LOSS EXPERIENCE
    (dollars in thousands)
      2nd Quarter 1st Quarter 4th Quarter 3rd Quarter 2nd Quarter
        2025     2025     2024     2024     2024  
    Allowance for credit losses on loans:          
    Beginning balance $ 278,379   $ 271,709   $ 273,143   $ 267,297   $ 263,962  
    Allowance established for acquired purchase credit deterioration loans   —     —     —     2,579     —  
    Loans charged-off:          
    Commercial   13,020     10,197     14,100     6,120     9,997  
    Commercial real estate   431     500     2,566     262     2,111  
    Consumer   —     —     —     30     —  
    Total charge-offs   13,451     10,697     16,666     6,412     12,108  
    Recoveries:          
    Commercial   486     483     4,562     329     153  
    Commercial real estate   —     413     18     —     —  
    Consumer   —     4     15     —     —  
    Total recoveries   486     900     4,595     329     153  
    Net charge-offs   12,965     9,797     12,071     6,083     11,955  
    Provision for credit losses on loans   12,234     16,467     10,637     9,350     15,290  
    Ending balance $ 277,648   $ 278,379   $ 271,709   $ 273,143   $ 267,297  
               
    Allowance for off-balance sheet credit losses:          
    Beginning balance $ 53,865   $ 53,332   $ 45,969   $ 45,319   $ 40,609  
    Provision for off-balance sheet credit losses   2,766     533     7,363     650     4,710  
    Ending balance $ 56,631   $ 53,865   $ 53,332   $ 45,969   $ 45,319  
               
    Total allowance for credit losses $ 334,279   $ 332,244   $ 325,041   $ 319,112   $ 312,616  
    Total provision for credit losses $ 15,000   $ 17,000   $ 18,000   $ 10,000   $ 20,000  
               
    Allowance for credit losses on loans to total loans held for investment   1.16 %   1.24 %   1.21 %   1.23 %   1.23 %
    Allowance for credit losses on loans to average total loans held for investment   1.19 %   1.29 %   1.22 %   1.24 %   1.27 %
    Net charge-offs to average total loans held for investment(1)   0.22 %   0.18 %   0.22 %   0.11 %   0.23 %
    Net charge-offs to average total loans held for investment for last 12 months(1)   0.18 %   0.18 %   0.19 %   0.20 %   0.22 %
    Total provision for credit losses to average total loans held for investment(1)   0.26 %   0.32 %   0.32 %   0.18 %   0.38 %
    Total allowance for credit losses to total loans held for investment   1.40 %   1.48 %   1.45 %   1.43 %   1.44 %

    (1) Interim period ratios are annualized.

    TEXAS CAPITAL BANCSHARES, INC.          
    NON-PERFORMING ASSETS, PAST DUE LOANS AND CRITICIZED LOANS      
    (dollars in thousands)          
      2nd Quarter 1st Quarter 4th Quarter 3rd Quarter 2nd Quarter
        2025     2025     2024     2024     2024  
    NON-PERFORMING ASSETS          
    Non-accrual loans held for investment $ 113,609   $ 93,565   $ 111,165   $ 88,960   $ 85,021  
    Non-accrual loans held for sale   —     —     —     —     —  
    Other real estate owned   —     —     —     —     —  
    Total non-performing assets $ 113,609   $ 93,565   $ 111,165   $ 88,960   $ 85,021  
               
    Non-accrual loans held for investment to total loans held for investment   0.47 %   0.42 %   0.50 %   0.40 %   0.39 %
    Total non-performing assets to total assets   0.36 %   0.30 %   0.36 %   0.28 %   0.28 %
    Allowance for credit losses on loans to non-accrual loans held for investment 2.4x 3.0x 2.4x 3.1x 3.1x
    Total allowance for credit losses to non-accrual loans held for investment 2.9x 3.6x 2.9x 3.6x 3.7x
               
    LOANS PAST DUE          
    Loans held for investment past due 90 days and still accruing $ 2,068   $ 791   $ 4,265   $ 5,281   $ 286  
    Loans held for investment past due 90 days to total loans held for investment   0.01 %   — %   0.02 %   0.02 %   — %
    Loans held for sale past due 90 days and still accruing $ —   $ —   $ —   $ —   $ 64  
               
    CRITICIZED LOANS          
    Criticized loans $ 637,462   $ 762,887   $ 713,951   $ 897,727   $ 859,671  
    Criticized loans to total loans held for investment   2.66 %   3.41 %   3.18 %   4.03 %   3.95 %
    Special mention loans $ 339,923   $ 484,165   $ 435,626   $ 579,802   $ 593,305  
    Special mention loans to total loans held for investment   1.42 %   2.16 %   1.94 %   2.60 %   2.72 %
    TEXAS CAPITAL BANCSHARES, INC.
    CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)
    (dollars in thousands)
               
      2nd Quarter 1st Quarter 4th Quarter 3rd Quarter 2nd Quarter
        2025   2025 2024   2024   2024
    Interest income          
    Interest and fees on loans $ 364,358   $ 334,150 $ 340,388 $ 361,407   $ 345,251
    Investment securities   45,991     46,565   44,102   38,389     33,584
    Interest bearing deposits in other banks   29,218     46,574   53,081   52,737     43,233
    Total interest income   439,567     427,289   437,571   452,533     422,068
    Interest expense          
    Deposits   174,798     174,936   189,061   190,255     181,280
    Short-term borrowings   3,444     8,246   10,678   13,784     12,749
    Long-term debt   7,930     8,073   8,225   8,392     11,457
    Total interest expense   186,172     191,255   207,964   212,431     205,486
    Net interest income   253,395     236,034   229,607   240,102     216,582
    Provision for credit losses   15,000     17,000   18,000   10,000     20,000
    Net interest income after provision for credit losses   238,395     219,034   211,607   230,102     196,582
    Non-interest income          
    Service charges on deposit accounts   8,182     7,840   6,989   6,307     5,911
    Wealth management and trust fee income   3,730     3,964   4,009   4,040     3,699
    Brokered loan fees   2,398     1,949   2,519   2,400     2,131
    Investment banking and advisory fees   24,109     16,478   26,740   34,753     25,048
    Trading income   7,896     5,939   5,487   5,786     5,650
    Available-for-sale debt securities losses   (1,886 )   —   —   (179,581 )   —
    Other   9,640     8,274   8,330   11,524     7,985
    Total non-interest income   54,069     44,444   54,074   (114,771 )   50,424
    Non-interest expense          
    Salaries and benefits   120,154     131,641   97,873   121,138     118,840
    Occupancy expense   12,144     10,844   11,926   12,937     10,666
    Marketing   3,624     5,009   4,454   5,863     5,996
    Legal and professional   11,069     14,989   15,180   11,135     11,273
    Communications and technology   24,314     23,642   24,007   25,951     22,013
    Federal Deposit Insurance Corporation insurance assessment   5,096     5,341   4,454   4,906     5,570
    Other   13,875     11,554   14,265   13,394     14,051
    Total non-interest expense   190,276     203,020   172,159   195,324     188,409
    Income/(loss) before income taxes   102,188     60,458   93,522   (79,993 )   58,597
    Income tax expense/(benefit)   24,860     13,411   22,499   (18,674 )   16,935
    Net income/(loss)   77,328     47,047   71,023   (61,319 )   41,662
    Preferred stock dividends   4,312     4,313   4,312   4,313     4,312
    Net income/(loss) available to common shareholders $ 73,016   $ 42,734 $ 66,711 $ (65,632 ) $ 37,350
    TEXAS CAPITAL BANCSHARES, INC.
    TAXABLE EQUIVALENT NET INTEREST INCOME ANALYSIS (UNAUDITED)(1)
    (dollars in thousands)
      2nd Quarter 2025   1st Quarter 2025   2nd Quarter 2024   YTD June 30, 2025   YTD June 30, 2024
      Average
    Balance
    Income/
    Expense
    Yield/
    Rate
      Average
    Balance
    Income/
    Expense
    Yield/
    Rate
      Average
    Balance
    Income/
    Expense
    Yield/
    Rate
      Average
    Balance
    Income/
    Expense
    Yield/
    Rate
      Average
    Balance
    Income/
    Expense
    Yield/
    Rate
    Assets                                      
    Investment securities(2) $ 4,573,164 $ 45,999 3.93 %   $ 4,463,876 $ 46,565 4.10 %   $ 4,427,023 $ 33,584 2.80 %   $ 4,518,822 $ 92,564 4.01 %   $ 4,363,195 $ 65,728 2.79 %
    Interest bearing cash and cash equivalents   2,661,037   29,218 4.40 %     4,255,796   46,574 4.44 %     3,273,069   43,233 5.31 %     3,454,011   75,792 4.43 %     3,662,348   97,588 5.36 %
    Loans held for sale   —   — — %     335   2 2.97 %     28,768   683 9.55 %     167   2 2.97 %     39,966   1,867 9.40 %
    Loans held for investment, mortgage finance   5,327,559   58,707 4.42 %     3,972,106   38,527 3.93 %     4,357,288   42,722 3.94 %     4,653,577   97,234 4.21 %     3,937,498   74,177 3.79 %
    Loans held for investment(3)   18,018,626   306,142 6.81 %     17,527,070   296,091 6.85 %     16,750,788   301,910 7.25 %     17,774,206   602,233 6.83 %     16,636,438   600,216 7.26 %
    Less: Allowance for credit losses on loans   278,035   — — %     272,758   — —       263,145   — — %     275,411   — —       256,541   — —  
    Loans held for investment, net   23,068,150   364,849 6.34 %     21,226,418   334,618 6.39 %     20,844,931   344,632 6.65 %     22,152,372   699,467 6.37 %     20,317,395   674,393 6.68 %
    Total earning assets   30,302,351   440,066 5.80 %     29,946,425   427,759 5.76 %     28,573,791   422,132 5.86 %     30,125,372   867,825 5.78 %     28,382,904   839,576 5.87 %
    Cash and other assets   1,117,118         1,157,184         1,177,061         1,137,040         1,117,763    
    Total assets $ 31,419,469       $ 31,103,609       $ 29,750,852       $ 31,262,412       $ 29,500,667    
                                           
    Liabilities and Stockholders’ Equity                                      
    Transaction deposits $ 2,213,037 $ 13,731 2.49 %   $ 2,163,250 $ 13,908 2.61 %   $ 2,061,622 $ 16,982 3.31 %   $ 2,188,282 $ 27,639 2.55 %   $ 2,034,057 $ 33,840 3.35 %
    Savings deposits   13,727,095   134,272 3.92 %     13,357,243   133,577 4.06 %     11,981,668   143,173 4.81 %     13,543,190   267,849 3.99 %     11,695,673   279,963 4.81 %
    Time deposits   2,361,525   26,795 4.55 %     2,329,384   27,451 4.78 %     1,658,899   21,125 5.12 %     2,345,543   54,246 4.66 %     1,689,112   43,077 5.13 %
    Total interest bearing deposits   18,301,657   174,798 3.83 %     17,849,877   174,936 3.97 %     15,702,189   181,280 4.64 %     18,077,015   349,734 3.90 %     15,418,842   356,880 4.65 %
    Short-term borrowings   306,176   3,444 4.51 %     751,500   8,246 4.45 %     927,253   12,749 5.53 %     527,608   11,690 4.47 %     919,670   25,532 5.58 %
    Long-term debt   649,469   7,930 4.90 %     660,445   8,073 4.96 %     778,401   11,457 5.92 %     654,927   16,003 4.93 %     818,955   25,443 6.25 %
    Total interest bearing liabilities   19,257,302   186,172 3.88 %     19,261,822   191,255 4.03 %     17,407,843   205,486 4.75 %     19,259,550   377,427 3.95 %     17,157,467   407,855 4.78 %
    Non-interest bearing deposits   8,191,402         7,875,244         8,647,594         8,034,196         8,642,685    
    Other liabilities   475,724         552,154         537,754         513,728         523,520    
    Stockholders’ equity   3,495,041         3,414,389         3,157,661         3,454,938         3,176,995    
    Total liabilities and stockholders’ equity $ 31,419,469       $ 31,103,609       $ 29,750,852       $ 31,262,412       $ 29,500,667    
    Net interest income   $ 253,894       $ 236,504       $ 216,646       $ 490,398       $ 431,721  
    Net interest margin     3.35 %       3.19 %       3.01 %       3.27 %       3.02 %

    (1) Taxable equivalent rates used where applicable.
    (2) Yields on investment securities are calculated using available-for-sale securities at amortized cost.
    (3) Average balances include non-accrual loans.

    GAAP TO NON-GAAP RECONCILIATIONS

    The following items are non-GAAP financial measures: adjusted non-interest income, adjusted non-interest expense, adjusted net income, adjusted net income available to common stockholders, adjusted pre-provision net revenue (“PPNR”), adjusted diluted earnings/(loss) per common share, adjusted return on average assets, adjusted return on average common equity, adjusted efficiency ratio, adjusted non-interest income to average earning assets and adjusted non-interest expense to average earning assets. These are not measures recognized under GAAP and therefore are considered non-GAAP financial measures. The table below provides a reconciliation of these non-GAAP financial measures to the most comparable GAAP measures.

    These non-GAAP financial measures are adjusted for certain items, listed below, that management believes are non-operating in nature and not representative of its actual operating performance. Management believes that these non-GAAP financial measures provide meaningful additional information about Texas Capital Bancshares, Inc. to assist management and investors in evaluating operating results, financial strength, business performance and capital position. Non-GAAP financial measures have inherent limitations, are not required to be uniformly applied and are not audited. As such, these non-GAAP financial measures should not be considered in isolation or as a substitute for analyses of operating results or capital position as reported under GAAP.

    Reconciliation of Non-GAAP Financial Measures      
    (dollars in thousands except per share data) 2nd Quarter
    2025
    1st Quarter
    2025
    4th Quarter
    2024
    3rd Quarter
    2024
    2nd Quarter
    2024
    Net interest income $ 253,395   $ 236,034   $ 229,607   $ 240,102   $ 216,582  
               
    Non-interest income   54,069     44,444     54,074     (114,771 )   50,424  
    Available-for-sale debt securities losses, net   1,886     —     —     179,581     —  
    Non-interest income, adjusted   55,955     44,444     54,074     64,810     50,424  
               
    Non-interest expense   190,276     203,020     172,159     195,324     188,409  
    FDIC special assessment   —     —     —     651     (462 )
    Restructuring expenses   (1,401 )   —     —     (5,923 )   —  
    Non-interest expense, adjusted   188,875     203,020     172,159     190,052     187,947  
               
    Provision for credit losses   15,000     17,000     18,000     10,000     20,000  
               
    Income tax expense/(benefit)   24,860     13,411     22,499     (18,674 )   16,935  
    Tax effect of adjustments   774     —     —     44,880     104  
    Income tax expense/(benefit), adjusted   25,634     13,411     22,499     26,206     17,039  
               
    Net income/(loss)(1) $ 77,328   $ 47,047   $ 71,023   $ (61,319 ) $ 41,662  
    Net income/(loss), adjusted(1) $ 79,841   $ 47,047   $ 71,023   $ 78,654   $ 42,020  
               
    Preferred stock dividends   4,312     4,313     4,312     4,313     4,312  
               
    Net income/(loss) to common stockholders(2) $ 73,016   $ 42,734   $ 66,711   $ (65,632 ) $ 37,350  
    Net income/(loss) to common stockholders, adjusted(2) $ 75,529   $ 42,734   $ 66,711   $ 74,341   $ 37,708  
               
    PPNR(3) $ 117,188   $ 77,458   $ 111,522   $ (69,993 ) $ 78,597  
    PPNR(3), adjusted $ 120,475   $ 77,458   $ 111,522   $ 114,860   $ 79,059  
               
    Weighted average common shares outstanding, diluted   46,215,394     46,616,704     46,770,961     46,608,742     46,872,498  
    Diluted earnings/(loss) per common share $ 1.58   $ 0.92   $ 1.43   $ (1.41 ) $ 0.80  
    Diluted earnings/(loss) per common share, adjusted $ 1.63   $ 0.92   $ 1.43   $ 1.59   $ 0.80  
               
    Average total assets $ 31,419,469   $ 31,103,609   $ 32,212,087   $ 31,215,173   $ 29,750,852  
    Return on average assets   0.99 %   0.61 %   0.88 % (0.78 )%   0.56 %
    Return on average assets, adjusted   1.02 %   0.61 %   0.88 %   1.00 %   0.57 %
               
    Average common equity $ 3,195,041   $ 3,114,389   $ 3,120,933   $ 2,945,238   $ 2,857,661  
    Return on average common equity   9.17 %   5.56 %   8.50 % (8.87 )%   5.26 %
    Return on average common equity, adjusted   9.48 %   5.56 %   8.50 %   10.04 %   5.31 %
               
    Efficiency ratio(4)   61.9 %   72.4 %   60.7 %   155.8 %   70.6 %
    Efficiency ratio, adjusted(4)   61.1 %   72.4 %   60.7 %   62.3 %   70.4 %
               
    Average earning assets $ 30,302,351   $ 29,946,425   $ 31,033,803   $ 29,975,318   $ 28,573,791  
    Non-interest income to average earning assets   0.72 %   0.60 %   0.69 % (1.52 )%   0.71 %
    Non-interest income to average earning assets, adjusted   0.74 %   0.60 %   0.69 %   0.86 %   0.71 %
    Non-interest expense to average earning assets   2.52 %   2.75 %   2.21 %   2.59 %   2.65 %
    Non-interest expense to average earning assets, adjusted   2.50 %   2.75 %   2.21 %   2.52 %   2.65 %

    (1) Net interest income plus non-interest income, less non-interest expense, provision for credit losses and income tax expense/(benefit). On an adjusted basis, net interest income plus non-interest income, adjusted, less non-interest expense, adjusted, provision for credit losses and income tax expense/(benefit), adjusted.
    (2) Net income/(loss), less preferred stock dividends. On an adjusted basis, net income/(loss), adjusted, less preferred stock dividends.
    (3) Net interest income plus non-interest income, less non-interest expense. On an adjusted basis, net interest income plus non-interest income, adjusted, less non-interest expense, adjusted.
    (4) Non-interest expense divided by the sum of net interest income and non-interest income. On an adjusted basis, non-interest expense, adjusted, divided by the sum of net interest income and non-interest income, adjusted.

    The MIL Network –

    July 17, 2025
  • MIL-OSI: Texas Capital Bancshares, Inc. Announces Second Quarter 2025 Results

    Source: GlobeNewswire (MIL-OSI)

    Second quarter 2025 net income of $77.3 million and net income available to common stockholders
    of $73.0 million, up 86% and 95%, respectively, year-over-year

    Second quarter 2025 EPS of $1.58 per diluted share and adjusted EPS(1)of $1.63 per
    diluted share, up 98% and 104%, respectively, year-over-year

    Strong balance sheet growth with total loans increasing 7% quarter-over-quarter and 10% year-over-year

    Book Value and Tangible Book Value(2)per share both increasing 13% year-over-year, reaching record levels

    DALLAS, July 17, 2025 (GLOBE NEWSWIRE) — Texas Capital Bancshares, Inc. (NASDAQ: TCBI), the parent company of Texas Capital Bank, announced operating results for the second quarter of 2025.

    “Our multi-year focus on building a differentiated, full-service financial services firm has strengthened our client franchise and consistently delivered high-quality outcomes across our platform, driving strong financial performance this quarter,” said Rob C. Holmes, Chairman, President & CEO. “The strategic actions we’ve taken have structurally enhanced our earnings power, and as we enter the second half of the year, the breadth of our capabilities and the strength of our balance sheet position us to deliver durable, through-cycle results for both clients and shareholders.”

      2nd Quarter   1st Quarter   2nd Quarter
    (dollars in thousands except per share data)   2025       2025       2024  
    OPERATING RESULTS          
    Net income $ 77,328     $ 47,047     $ 41,662  
    Net income available to common stockholders $ 73,016     $ 42,734     $ 37,350  
    Pre-provision net revenue(3) $ 117,188     $ 77,458     $ 78,597  
    Diluted earnings per common share $ 1.58     $ 0.92     $ 0.80  
    Diluted common shares   46,215,394       46,616,704       46,872,498  
    Return on average assets   0.99 %     0.61 %     0.56 %
    Return on average common equity   9.17 %     5.56 %     5.26 %
               
    OPERATING RESULTS, ADJUSTED(1)          
    Net income $ 79,841     $ 47,047     $ 42,020  
    Net income available to common stockholders $ 75,529     $ 42,734     $ 37,708  
    Pre-provision net revenue(3) $ 120,475     $ 77,458     $ 79,059  
    Diluted earnings per common share $ 1.63     $ 0.92     $ 0.80  
    Diluted common shares   46,215,394       46,616,704       46,872,498  
    Return on average assets   1.02 %     0.61 %     0.57 %
    Return on average common equity   9.48 %     5.56 %     5.31 %
               
    BALANCE SHEET          
    Loans held for investment $ 18,035,945     $ 17,654,243     $ 16,700,569  
    Loans held for investment, mortgage finance   5,889,589       4,725,541       5,078,161  
    Total loans held for investment   23,925,534       22,379,784       21,778,730  
    Loans held for sale   —       —       36,785  
    Total assets   31,943,535       31,375,749       29,854,994  
    Non-interest bearing deposits   7,718,006       7,874,780       7,987,715  
    Total deposits   26,064,309       26,053,034       23,818,327  
    Stockholders’ equity   3,510,070       3,429,774       3,175,601  
               

    (1) These adjusted measures are non-GAAP measures. Please refer to “GAAP to Non-GAAP Reconciliations” for the computations of these adjusted measures and the reconciliation of these non-GAAP measures to the most directly comparable GAAP measure.
    (2) Stockholders’ equity excluding preferred stock, less goodwill and intangibles, divided by shares outstanding at period end.
    (3) Net interest income plus non-interest income, less non-interest expense.

    SECOND QUARTER 2025 COMPARED TO FIRST QUARTER 2025

    For the second quarter of 2025, net income available to common stockholders was $73.0 million, or $1.58 per diluted share, compared to $42.7 million, or $0.92 per diluted share, for the first quarter of 2025.

    Provision for credit losses for the second quarter of 2025 was $15.0 million, compared to $17.0 million for the first quarter of 2025. The $15.0 million provision for credit losses recorded in the second quarter of 2025 resulted primarily from an increase in total loans held for investment (“LHI”) and $13.0 million in net charge-offs, partially offset by a decrease in criticized loans.

    Net interest income was $253.4 million for the second quarter of 2025, compared to $236.0 million for the first quarter of 2025, primarily due to increases in average earning assets and earning asset yields, a decrease in average short-term borrowings and the impact of one additional day in the second quarter. Net interest margin for the second quarter of 2025 was 3.35%, an increase of 16 basis points from the first quarter of 2025. LHI, excluding mortgage finance, yields decreased 4 basis points from the first quarter of 2025 and LHI, mortgage finance, yields increased 49 basis points from the first quarter of 2025. Total cost of deposits was 2.65% for the second quarter of 2025, an 11 basis point decrease from the first quarter of 2025.

    Non-interest income for the second quarter of 2025 increased $9.6 million compared to the first quarter of 2025 primarily due to increases in investment banking and advisory fees and trading income, partially offset by a $1.9 million loss on sale of available-for-sale debt securities recognized during the second quarter of 2025.

    Non-interest expense for the second quarter of 2025 decreased $12.7 million compared to the first quarter of 2025, primarily due to decreases in salaries and benefits, related to the effect of seasonal payroll expenses that peak in the first quarter, and legal and professional expense, partially offset by an increase in other non-interest expense.

    SECOND QUARTER 2025 COMPARED TO SECOND QUARTER 2024

    Net income available to common stockholders was $73.0 million, or $1.58 per diluted share, for the second quarter of 2025, compared to $37.4 million, or $0.80 per diluted share, for the second quarter of 2024.

    The second quarter of 2025 included a $15.0 million provision for credit losses, reflecting an increase in total LHI and $13.0 million in net charge-offs, partially offset by a decline in criticized loans, compared to a $20.0 million provision for credit losses for the second quarter of 2024.

    Net interest income increased to $253.4 million for the second quarter of 2025, compared to $216.6 million for the second quarter of 2024, primarily due to an increase in average earning assets and a decrease in funding costs, partially offset by an increase in average interest bearing liabilities. Net interest margin increased 34 basis points to 3.35% for the second quarter of 2025, as compared to the second quarter of 2024. LHI, excluding mortgage finance, yields decreased 44 basis points compared to the second quarter of 2024 and LHI, mortgage finance yields increased 48 basis points from the second quarter of 2024. Total cost of deposits decreased 34 basis points compared to the second quarter of 2024.

    Non-interest income for the second quarter of 2025 increased $3.6 million compared to the second quarter of 2024 primarily due to increases in service charges on deposit accounts, trading income and other non-interest income, partially offset by the loss on sale of available-for-sale debt securities mentioned above.

    Non-interest expense for the second quarter of 2025 increased $1.9 million compared to the second quarter of 2024, primarily due to increases in salaries and benefits, occupancy expense and communications and technology expense, partially offset by a decrease in marketing expense.

    CREDIT QUALITY

    Net charge-offs of $13.0 million were recorded during the second quarter of 2025, compared to net charge-offs of $9.8 million and $12.0 million during the first quarter of 2025 and the second quarter of 2024, respectively. Criticized loans totaled $637.5 million at June 30, 2025, compared to $762.9 million at March 31, 2025 and $859.7 million at June 30, 2024. Non-accrual LHI totaled $113.6 million at June 30, 2025, compared to $93.6 million at March 31, 2025 and $85.0 million at June 30, 2024. The ratio of non-accrual LHI to total LHI for the second quarter of 2025 was 0.47%, compared to 0.42% for the first quarter of 2025 and 0.39% for the second quarter of 2024. The ratio of total allowance for credit losses to total LHI was 1.40% at June 30, 2025, compared to 1.48% and 1.44% at March 31, 2025 and June 30, 2024, respectively.

    REGULATORY RATIOS AND CAPITAL

    All regulatory ratios continue to be in excess of “well capitalized” requirements as of June 30, 2025. CET1, tier 1 capital, total capital and leverage ratios were 11.4%, 12.9%, 15.3% and 11.8%, respectively, at June 30, 2025, compared to 11.6%, 13.1%, 15.6% and 11.8%, respectively, at March 31, 2025 and 11.6%, 13.1%, 15.7% and 12.2%, respectively, at June 30, 2024. At June 30, 2025, our ratio of tangible common equity to total tangible assets was 10.1%, compared to 10.0% at March 31, 2025 and 9.6% at June 30, 2024.

    During the second quarter of 2025, the Company repurchased 317,860 shares of its common stock for an aggregate purchase price, including excise tax expense, of $21.0 million, at a weighted average price of $65.50 per share.

    About Texas Capital Bancshares, Inc.

    Texas Capital Bancshares, Inc. (NASDAQ®: TCBI), a member of the Russell 2000®Index and the S&P MidCap 400®, is the parent company of Texas Capital Bank (“TCB”). Texas Capital is the collective brand name for TCB and its separate, non-bank affiliates and wholly-owned subsidiaries. Texas Capital is a full-service financial services firm that delivers customized solutions to businesses, entrepreneurs and individual customers. Founded in 1998, the institution is headquartered in Dallas with offices in Austin, Houston, San Antonio, and Fort Worth, and has built a network of clients across the country. With the ability to service clients through their entire lifecycles, Texas Capital has established commercial banking, consumer banking, investment banking and wealth management capabilities.

    Forward Looking Statements

    This communication contains “forward-looking statements” within the meaning of and pursuant to the Private Securities Litigation Reform Act of 1995 regarding, among other things, TCBI’s financial condition, results of operations, business plans and future performance. These statements are not historical in nature and may often be identified by the use of words such as “believes,” “projects,” “expects,” “may,” “estimates,” “should,” “plans,” “targets,” “intends” “could,” “would,” “anticipates,” “potential,” “confident,” “optimistic” or the negative thereof, or other variations thereon, or comparable terminology, or by discussions of strategy, objectives, estimates, trends, guidance, expectations and future plans.

    Because forward-looking statements relate to future results and occurrences, they are subject to inherent and various uncertainties, risks, and changes in circumstances that are difficult to predict, may change over time, are based on management’s expectations and assumptions at the time the statements are made and are not guarantees of future results. Numerous risks and other factors, many of which are beyond management’s control, could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. While there can be no assurance that any list of risks is complete, important risks and other factors that could cause actual results to differ materially from those contemplated by forward-looking statements include, but are not limited to: economic or business conditions in Texas, the United States or globally that impact TCBI or its customers; negative credit quality developments arising from the foregoing or other factors, including recent trade policies and their impact on our customers; TCBI’s ability to effectively manage its liquidity and maintain adequate regulatory capital to support its businesses; TCBI’s ability to pursue and execute upon growth plans, whether as a function of capital, liquidity or other limitations; TCBI’s ability to successfully execute its business strategy, including its strategic plan and developing and executing new lines of business and new products and services and potential strategic acquisitions; the extensive regulations to which TCBI is subject and its ability to comply with applicable governmental regulations, including legislative and regulatory changes; TCBI’s ability to effectively manage information technology systems, including third party vendors, cyber or data privacy incidents or other failures, disruptions or security breaches; TCBI’s ability to use technology to provide products and services to its customers; risks related to the development and use of artificial intelligence; changes in interest rates, including the impact of interest rates on TCBI’s securities portfolio and funding costs, as well as related balance sheet implications stemming from the fair value of our assets and liabilities; the effectiveness of TCBI’s risk management processes strategies and monitoring; fluctuations in commercial and residential real estate values, especially as they relate to the value of collateral supporting TCBI’s loans; the failure to identify, attract and retain key personnel and other employees; adverse developments in the banking industry and the potential impact of such developments on customer confidence, liquidity and regulatory responses to these developments, including in the context of regulatory examinations and related findings and actions; negative press and social media attention with respect to the banking industry or TCBI, in particular; claims, litigation or regulatory investigations and actions that TCBI may become subject to; severe weather, natural disasters, climate change, acts of war, terrorism, global or other geopolitical conflicts, or other external events, as well as related legislative and regulatory initiatives; and the risks and factors more fully described in TCBI’s most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other documents and filings with the SEC. The information contained in this communication speaks only as of its date. Except to the extent required by applicable law or regulation, we disclaim any obligation to update such factors or to publicly announce the results of any revisions to any of the forward-looking statements included herein to reflect future events or developments.

    TEXAS CAPITAL BANCSHARES, INC.
    SELECTED FINANCIAL HIGHLIGHTS (UNAUDITED)
    (dollars in thousands except per share data)
      2nd Quarter 1st Quarter 4th Quarter 3rd Quarter 2nd Quarter
        2025     2025     2024     2024     2024  
    CONSOLIDATED STATEMENTS OF INCOME          
    Interest income $ 439,567   $ 427,289   $ 437,571   $ 452,533   $ 422,068  
    Interest expense   186,172     191,255     207,964     212,431     205,486  
    Net interest income   253,395     236,034     229,607     240,102     216,582  
    Provision for credit losses   15,000     17,000     18,000     10,000     20,000  
    Net interest income after provision for credit losses   238,395     219,034     211,607     230,102     196,582  
    Non-interest income   54,069     44,444     54,074     (114,771 )   50,424  
    Non-interest expense   190,276     203,020     172,159     195,324     188,409  
    Income/(loss) before income taxes   102,188     60,458     93,522     (79,993 )   58,597  
    Income tax expense/(benefit)   24,860     13,411     22,499     (18,674 )   16,935  
    Net income/(loss)   77,328     47,047     71,023     (61,319 )   41,662  
    Preferred stock dividends   4,312     4,313     4,312     4,313     4,312  
    Net income/(loss) available to common stockholders $ 73,016   $ 42,734   $ 66,711   $ (65,632 ) $ 37,350  
    Diluted earnings/(loss) per common share $ 1.58   $ 0.92   $ 1.43   $ (1.41 ) $ 0.80  
    Diluted common shares   46,215,394     46,616,704     46,770,961     46,608,742     46,872,498  
    CONSOLIDATED BALANCE SHEET DATA          
    Total assets $ 31,943,535   $ 31,375,749   $ 30,731,883   $ 31,629,299   $ 29,854,994  
    Loans held for investment   18,035,945     17,654,243     17,234,492     16,764,512     16,700,569  
    Loans held for investment, mortgage finance   5,889,589     4,725,541     5,215,574     5,529,659     5,078,161  
    Loans held for sale   —     —     —     9,022     36,785  
    Interest bearing cash and cash equivalents   2,507,691     3,600,969     3,012,307     3,894,537     2,691,352  
    Investment securities   4,608,628     4,531,219     4,396,115     4,405,520     4,388,976  
    Non-interest bearing deposits   7,718,006     7,874,780     7,485,428     9,070,804     7,987,715  
    Total deposits   26,064,309     26,053,034     25,238,599     25,865,255     23,818,327  
    Short-term borrowings   1,250,000     750,000     885,000     1,035,000     1,675,000  
    Long-term debt   620,256     660,521     660,346     660,172     659,997  
    Stockholders’ equity   3,510,070     3,429,774     3,367,936     3,354,044     3,175,601  
               
    End of period shares outstanding   45,746,836     46,024,933     46,233,812     46,207,757     46,188,078  
    Book value per share $ 70.17   $ 68.00   $ 66.36   $ 66.09   $ 62.26  
    Tangible book value per share(1) $ 70.14   $ 67.97   $ 66.32   $ 66.06   $ 62.23  
    SELECTED FINANCIAL RATIOS          
    Net interest margin   3.35 %   3.19 %   2.93 %   3.16 %   3.01 %
    Return on average assets   0.99 %   0.61 %   0.88 % (0.78 )%   0.56 %
    Return on average assets, adjusted(4)   1.02 %   0.61 %   0.88 %   1.00 %   0.57 %
    Return on average common equity   9.17 %   5.56 %   8.50 % (8.87 )%   5.26 %
    Return on average common equity, adjusted(4)   9.48 %   5.56 %   8.50 %   10.04 %   5.31 %
    Efficiency ratio(2)   61.9 %   72.4 %   60.7 %   155.8 %   70.6 %
    Efficiency ratio, adjusted(2)(4)   61.1 %   72.4 %   60.7 %   62.3 %   70.4 %
    Non-interest income to average earning assets   0.72 %   0.60 %   0.69 % (1.52 )%   0.71 %
    Non-interest income to average earning assets, adjusted(4)   0.74 %   0.60 %   0.69 %   0.86 %   0.71 %
    Non-interest expense to average earning assets   2.52 %   2.75 %   2.21 %   2.59 %   2.65 %
    Non-interest expense to average earning assets, adjusted(4)   2.50 %   2.75 %   2.21 %   2.52 %   2.65 %
    Common equity to total assets   10.1 %   10.0 %   10.0 %   9.7 %   9.6 %
    Tangible common equity to total tangible assets(3)   10.1 %   10.0 %   10.0 %   9.7 %   9.6 %
    Common Equity Tier 1   11.4 %   11.6 %   11.4 %   11.2 %   11.6 %
    Tier 1 capital   12.9 %   13.1 %   12.8 %   12.6 %   13.1 %
    Total capital   15.3 %   15.6 %   15.4 %   15.2 %   15.7 %
    Leverage   11.8 %   11.8 %   11.3 %   11.4 %   12.2 %

    (1) Stockholders’ equity excluding preferred stock, less goodwill and intangibles, divided by shares outstanding at period end.
    (2) Non-interest expense divided by the sum of net interest income and non-interest income.
    (3) Stockholders’ equity excluding preferred stock, less goodwill and intangibles, divided by total assets, less goodwill and intangibles.
    (4) These adjusted measures are non-GAAP measures. Please refer to “GAAP to Non-GAAP Reconciliations” for the computations of these adjusted measures and the reconciliation of these non-GAAP measures to the most directly comparable GAAP measure.

    TEXAS CAPITAL BANCSHARES, INC.
    CONSOLIDATED BALANCE SHEETS (UNAUDITED)
    (dollars in thousands)
      June 30,
    2025
    March 31,
    2025
    December 31,
    2024
    September 30,
    2024
    June 30,
    2024
    Assets          
    Cash and due from banks $ 182,451   $ 201,504   $ 176,501   $ 297,048   $ 221,727  
    Interest bearing cash and cash equivalents   2,507,691     3,600,969     3,012,307     3,894,537     2,691,352  
    Available-for-sale debt securities   3,774,141     3,678,378     3,524,686     3,518,662     3,483,231  
    Held-to-maturity debt securities   761,907     779,354     796,168     812,432     831,513  
    Equity securities   68,692     71,679     75,261     74,426     74,232  
    Trading securities   3,888     1,808     —     —     —  
    Investment securities   4,608,628     4,531,219     4,396,115     4,405,520     4,388,976  
    Loans held for sale   —     —     —     9,022     36,785  
    Loans held for investment, mortgage finance   5,889,589     4,725,541     5,215,574     5,529,659     5,078,161  
    Loans held for investment   18,035,945     17,654,243     17,234,492     16,764,512     16,700,569  
    Less: Allowance for credit losses on loans   277,648     278,379     271,709     273,143     267,297  
    Loans held for investment, net   23,647,886     22,101,405     22,178,357     22,021,028     21,511,433  
    Premises and equipment, net   86,831     84,575     85,443     81,577     69,464  
    Accrued interest receivable and other assets   908,552     854,581     881,664     919,071     933,761  
    Goodwill and intangibles, net   1,496     1,496     1,496     1,496     1,496  
    Total assets $ 31,943,535   $ 31,375,749   $ 30,731,883   $ 31,629,299   $ 29,854,994  
               
    Liabilities and Stockholders’ Equity          
    Liabilities:          
    Non-interest bearing deposits $ 7,718,006   $ 7,874,780   $ 7,485,428   $ 9,070,804   $ 7,987,715  
    Interest bearing deposits   18,346,303     18,178,254     17,753,171     16,794,451     15,830,612  
    Total deposits   26,064,309     26,053,034     25,238,599     25,865,255     23,818,327  
    Accrued interest payable   14,120     25,270     23,680     18,679     23,841  
    Other liabilities   484,780     457,150     556,322     696,149     502,228  
    Short-term borrowings   1,250,000     750,000     885,000     1,035,000     1,675,000  
    Long-term debt   620,256     660,521     660,346     660,172     659,997  
    Total liabilities   28,433,465     27,945,975     27,363,947     28,275,255     26,679,393  
               
    Stockholders’ equity:          
    Preferred stock, $.01 par value, $1,000 liquidation value:          
    Authorized shares – 10,000,000          
    Issued shares(1)   300,000     300,000     300,000     300,000     300,000  
    Common stock, $.01 par value:          
    Authorized shares – 100,000,000          
    Issued shares(2)   517     517     515     515     515  
    Additional paid-in capital   1,065,083     1,060,028     1,056,719     1,054,614     1,050,114  
    Retained earnings   2,611,401     2,538,385     2,495,651     2,428,940     2,494,572  
    Treasury stock(3)   (354,000 )   (332,994 )   (301,842 )   (301,868 )   (301,868 )
    Accumulated other comprehensive loss, net of taxes   (112,931 )   (136,162 )   (183,107 )   (128,157 )   (367,732 )
    Total stockholders’ equity   3,510,070     3,429,774     3,367,936     3,354,044     3,175,601  
    Total liabilities and stockholders’ equity $ 31,943,535   $ 31,375,749   $ 30,731,883   $ 31,629,299   $ 29,854,994  
               
    (1) Preferred stock – issued shares   300,000     300,000     300,000     300,000     300,000  
    (2) Common stock – issued shares   51,747,305     51,707,542     51,520,315     51,494,260     51,474,581  
    (3) Treasury stock – shares at cost   6,000,469     5,682,609     5,286,503     5,286,503     5,286,503  
    TEXAS CAPITAL BANCSHARES, INC.        
    CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)        
    (dollars in thousands except per share data)        
      Three Months Ended June 30, Six Months Ended June 30,
        2025   2024   2025   2024
    Interest income        
    Interest and fees on loans $ 364,358   $ 345,251 $ 698,508   $ 676,130
    Investment securities   45,991     33,584   92,556     65,728
    Interest bearing cash and cash equivalents   29,218     43,233   75,792     97,588
    Total interest income   439,567     422,068   866,856     839,446
    Interest expense        
    Deposits   174,798     181,280   349,734     356,880
    Short-term borrowings   3,444     12,749   11,690     25,532
    Long-term debt   7,930     11,457   16,003     25,443
    Total interest expense   186,172     205,486   377,427     407,855
    Net interest income   253,395     216,582   489,429     431,591
    Provision for credit losses   15,000     20,000   32,000     39,000
    Net interest income after provision for credit losses   238,395     196,582   457,429     392,591
    Non-interest income        
    Service charges on deposit accounts   8,182     5,911   16,022     12,250
    Wealth management and trust fee income   3,730     3,699   7,694     7,266
    Brokered loan fees   2,398     2,131   4,347     4,042
    Investment banking and advisory fees   24,109     25,048   40,587     43,472
    Trading income   7,896     5,650   13,835     10,362
    Available-for-sale debt securities losses   (1,886 )   —   (1,886 )   —
    Other   9,640     7,985   17,914     14,351
    Total non-interest income   54,069     50,424   98,513     91,743
    Non-interest expense        
    Salaries and benefits   120,154     118,840   251,795     247,567
    Occupancy expense   12,144     10,666   22,988     20,403
    Marketing   3,624     5,996   8,633     12,032
    Legal and professional   11,069     11,273   26,058     27,468
    Communications and technology   24,314     22,013   47,956     43,127
    Federal Deposit Insurance Corporation insurance assessment   5,096     5,570   10,437     13,991
    Other   13,875     14,051   25,429     26,214
    Total non-interest expense   190,276     188,409   393,296     390,802
    Income before income taxes   102,188     58,597   162,646     93,532
    Income tax expense   24,860     16,935   38,271     25,728
    Net income   77,328     41,662   124,375     67,804
    Preferred stock dividends   4,312     4,312   8,625     8,625
    Net income available to common stockholders $ 73,016   $ 37,350 $ 115,750   $ 59,179
             
    Basic earnings per common share $ 1.59   $ 0.80 $ 2.52   $ 1.26
    Diluted earnings per common share $ 1.58   $ 0.80 $ 2.49   $ 1.25
    TEXAS CAPITAL BANCSHARES, INC.
    SUMMARY OF CREDIT LOSS EXPERIENCE
    (dollars in thousands)
      2nd Quarter 1st Quarter 4th Quarter 3rd Quarter 2nd Quarter
        2025     2025     2024     2024     2024  
    Allowance for credit losses on loans:          
    Beginning balance $ 278,379   $ 271,709   $ 273,143   $ 267,297   $ 263,962  
    Allowance established for acquired purchase credit deterioration loans   —     —     —     2,579     —  
    Loans charged-off:          
    Commercial   13,020     10,197     14,100     6,120     9,997  
    Commercial real estate   431     500     2,566     262     2,111  
    Consumer   —     —     —     30     —  
    Total charge-offs   13,451     10,697     16,666     6,412     12,108  
    Recoveries:          
    Commercial   486     483     4,562     329     153  
    Commercial real estate   —     413     18     —     —  
    Consumer   —     4     15     —     —  
    Total recoveries   486     900     4,595     329     153  
    Net charge-offs   12,965     9,797     12,071     6,083     11,955  
    Provision for credit losses on loans   12,234     16,467     10,637     9,350     15,290  
    Ending balance $ 277,648   $ 278,379   $ 271,709   $ 273,143   $ 267,297  
               
    Allowance for off-balance sheet credit losses:          
    Beginning balance $ 53,865   $ 53,332   $ 45,969   $ 45,319   $ 40,609  
    Provision for off-balance sheet credit losses   2,766     533     7,363     650     4,710  
    Ending balance $ 56,631   $ 53,865   $ 53,332   $ 45,969   $ 45,319  
               
    Total allowance for credit losses $ 334,279   $ 332,244   $ 325,041   $ 319,112   $ 312,616  
    Total provision for credit losses $ 15,000   $ 17,000   $ 18,000   $ 10,000   $ 20,000  
               
    Allowance for credit losses on loans to total loans held for investment   1.16 %   1.24 %   1.21 %   1.23 %   1.23 %
    Allowance for credit losses on loans to average total loans held for investment   1.19 %   1.29 %   1.22 %   1.24 %   1.27 %
    Net charge-offs to average total loans held for investment(1)   0.22 %   0.18 %   0.22 %   0.11 %   0.23 %
    Net charge-offs to average total loans held for investment for last 12 months(1)   0.18 %   0.18 %   0.19 %   0.20 %   0.22 %
    Total provision for credit losses to average total loans held for investment(1)   0.26 %   0.32 %   0.32 %   0.18 %   0.38 %
    Total allowance for credit losses to total loans held for investment   1.40 %   1.48 %   1.45 %   1.43 %   1.44 %

    (1) Interim period ratios are annualized.

    TEXAS CAPITAL BANCSHARES, INC.          
    NON-PERFORMING ASSETS, PAST DUE LOANS AND CRITICIZED LOANS      
    (dollars in thousands)          
      2nd Quarter 1st Quarter 4th Quarter 3rd Quarter 2nd Quarter
        2025     2025     2024     2024     2024  
    NON-PERFORMING ASSETS          
    Non-accrual loans held for investment $ 113,609   $ 93,565   $ 111,165   $ 88,960   $ 85,021  
    Non-accrual loans held for sale   —     —     —     —     —  
    Other real estate owned   —     —     —     —     —  
    Total non-performing assets $ 113,609   $ 93,565   $ 111,165   $ 88,960   $ 85,021  
               
    Non-accrual loans held for investment to total loans held for investment   0.47 %   0.42 %   0.50 %   0.40 %   0.39 %
    Total non-performing assets to total assets   0.36 %   0.30 %   0.36 %   0.28 %   0.28 %
    Allowance for credit losses on loans to non-accrual loans held for investment 2.4x 3.0x 2.4x 3.1x 3.1x
    Total allowance for credit losses to non-accrual loans held for investment 2.9x 3.6x 2.9x 3.6x 3.7x
               
    LOANS PAST DUE          
    Loans held for investment past due 90 days and still accruing $ 2,068   $ 791   $ 4,265   $ 5,281   $ 286  
    Loans held for investment past due 90 days to total loans held for investment   0.01 %   — %   0.02 %   0.02 %   — %
    Loans held for sale past due 90 days and still accruing $ —   $ —   $ —   $ —   $ 64  
               
    CRITICIZED LOANS          
    Criticized loans $ 637,462   $ 762,887   $ 713,951   $ 897,727   $ 859,671  
    Criticized loans to total loans held for investment   2.66 %   3.41 %   3.18 %   4.03 %   3.95 %
    Special mention loans $ 339,923   $ 484,165   $ 435,626   $ 579,802   $ 593,305  
    Special mention loans to total loans held for investment   1.42 %   2.16 %   1.94 %   2.60 %   2.72 %
    TEXAS CAPITAL BANCSHARES, INC.
    CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)
    (dollars in thousands)
               
      2nd Quarter 1st Quarter 4th Quarter 3rd Quarter 2nd Quarter
        2025   2025 2024   2024   2024
    Interest income          
    Interest and fees on loans $ 364,358   $ 334,150 $ 340,388 $ 361,407   $ 345,251
    Investment securities   45,991     46,565   44,102   38,389     33,584
    Interest bearing deposits in other banks   29,218     46,574   53,081   52,737     43,233
    Total interest income   439,567     427,289   437,571   452,533     422,068
    Interest expense          
    Deposits   174,798     174,936   189,061   190,255     181,280
    Short-term borrowings   3,444     8,246   10,678   13,784     12,749
    Long-term debt   7,930     8,073   8,225   8,392     11,457
    Total interest expense   186,172     191,255   207,964   212,431     205,486
    Net interest income   253,395     236,034   229,607   240,102     216,582
    Provision for credit losses   15,000     17,000   18,000   10,000     20,000
    Net interest income after provision for credit losses   238,395     219,034   211,607   230,102     196,582
    Non-interest income          
    Service charges on deposit accounts   8,182     7,840   6,989   6,307     5,911
    Wealth management and trust fee income   3,730     3,964   4,009   4,040     3,699
    Brokered loan fees   2,398     1,949   2,519   2,400     2,131
    Investment banking and advisory fees   24,109     16,478   26,740   34,753     25,048
    Trading income   7,896     5,939   5,487   5,786     5,650
    Available-for-sale debt securities losses   (1,886 )   —   —   (179,581 )   —
    Other   9,640     8,274   8,330   11,524     7,985
    Total non-interest income   54,069     44,444   54,074   (114,771 )   50,424
    Non-interest expense          
    Salaries and benefits   120,154     131,641   97,873   121,138     118,840
    Occupancy expense   12,144     10,844   11,926   12,937     10,666
    Marketing   3,624     5,009   4,454   5,863     5,996
    Legal and professional   11,069     14,989   15,180   11,135     11,273
    Communications and technology   24,314     23,642   24,007   25,951     22,013
    Federal Deposit Insurance Corporation insurance assessment   5,096     5,341   4,454   4,906     5,570
    Other   13,875     11,554   14,265   13,394     14,051
    Total non-interest expense   190,276     203,020   172,159   195,324     188,409
    Income/(loss) before income taxes   102,188     60,458   93,522   (79,993 )   58,597
    Income tax expense/(benefit)   24,860     13,411   22,499   (18,674 )   16,935
    Net income/(loss)   77,328     47,047   71,023   (61,319 )   41,662
    Preferred stock dividends   4,312     4,313   4,312   4,313     4,312
    Net income/(loss) available to common shareholders $ 73,016   $ 42,734 $ 66,711 $ (65,632 ) $ 37,350
    TEXAS CAPITAL BANCSHARES, INC.
    TAXABLE EQUIVALENT NET INTEREST INCOME ANALYSIS (UNAUDITED)(1)
    (dollars in thousands)
      2nd Quarter 2025   1st Quarter 2025   2nd Quarter 2024   YTD June 30, 2025   YTD June 30, 2024
      Average
    Balance
    Income/
    Expense
    Yield/
    Rate
      Average
    Balance
    Income/
    Expense
    Yield/
    Rate
      Average
    Balance
    Income/
    Expense
    Yield/
    Rate
      Average
    Balance
    Income/
    Expense
    Yield/
    Rate
      Average
    Balance
    Income/
    Expense
    Yield/
    Rate
    Assets                                      
    Investment securities(2) $ 4,573,164 $ 45,999 3.93 %   $ 4,463,876 $ 46,565 4.10 %   $ 4,427,023 $ 33,584 2.80 %   $ 4,518,822 $ 92,564 4.01 %   $ 4,363,195 $ 65,728 2.79 %
    Interest bearing cash and cash equivalents   2,661,037   29,218 4.40 %     4,255,796   46,574 4.44 %     3,273,069   43,233 5.31 %     3,454,011   75,792 4.43 %     3,662,348   97,588 5.36 %
    Loans held for sale   —   — — %     335   2 2.97 %     28,768   683 9.55 %     167   2 2.97 %     39,966   1,867 9.40 %
    Loans held for investment, mortgage finance   5,327,559   58,707 4.42 %     3,972,106   38,527 3.93 %     4,357,288   42,722 3.94 %     4,653,577   97,234 4.21 %     3,937,498   74,177 3.79 %
    Loans held for investment(3)   18,018,626   306,142 6.81 %     17,527,070   296,091 6.85 %     16,750,788   301,910 7.25 %     17,774,206   602,233 6.83 %     16,636,438   600,216 7.26 %
    Less: Allowance for credit losses on loans   278,035   — — %     272,758   — —       263,145   — — %     275,411   — —       256,541   — —  
    Loans held for investment, net   23,068,150   364,849 6.34 %     21,226,418   334,618 6.39 %     20,844,931   344,632 6.65 %     22,152,372   699,467 6.37 %     20,317,395   674,393 6.68 %
    Total earning assets   30,302,351   440,066 5.80 %     29,946,425   427,759 5.76 %     28,573,791   422,132 5.86 %     30,125,372   867,825 5.78 %     28,382,904   839,576 5.87 %
    Cash and other assets   1,117,118         1,157,184         1,177,061         1,137,040         1,117,763    
    Total assets $ 31,419,469       $ 31,103,609       $ 29,750,852       $ 31,262,412       $ 29,500,667    
                                           
    Liabilities and Stockholders’ Equity                                      
    Transaction deposits $ 2,213,037 $ 13,731 2.49 %   $ 2,163,250 $ 13,908 2.61 %   $ 2,061,622 $ 16,982 3.31 %   $ 2,188,282 $ 27,639 2.55 %   $ 2,034,057 $ 33,840 3.35 %
    Savings deposits   13,727,095   134,272 3.92 %     13,357,243   133,577 4.06 %     11,981,668   143,173 4.81 %     13,543,190   267,849 3.99 %     11,695,673   279,963 4.81 %
    Time deposits   2,361,525   26,795 4.55 %     2,329,384   27,451 4.78 %     1,658,899   21,125 5.12 %     2,345,543   54,246 4.66 %     1,689,112   43,077 5.13 %
    Total interest bearing deposits   18,301,657   174,798 3.83 %     17,849,877   174,936 3.97 %     15,702,189   181,280 4.64 %     18,077,015   349,734 3.90 %     15,418,842   356,880 4.65 %
    Short-term borrowings   306,176   3,444 4.51 %     751,500   8,246 4.45 %     927,253   12,749 5.53 %     527,608   11,690 4.47 %     919,670   25,532 5.58 %
    Long-term debt   649,469   7,930 4.90 %     660,445   8,073 4.96 %     778,401   11,457 5.92 %     654,927   16,003 4.93 %     818,955   25,443 6.25 %
    Total interest bearing liabilities   19,257,302   186,172 3.88 %     19,261,822   191,255 4.03 %     17,407,843   205,486 4.75 %     19,259,550   377,427 3.95 %     17,157,467   407,855 4.78 %
    Non-interest bearing deposits   8,191,402         7,875,244         8,647,594         8,034,196         8,642,685    
    Other liabilities   475,724         552,154         537,754         513,728         523,520    
    Stockholders’ equity   3,495,041         3,414,389         3,157,661         3,454,938         3,176,995    
    Total liabilities and stockholders’ equity $ 31,419,469       $ 31,103,609       $ 29,750,852       $ 31,262,412       $ 29,500,667    
    Net interest income   $ 253,894       $ 236,504       $ 216,646       $ 490,398       $ 431,721  
    Net interest margin     3.35 %       3.19 %       3.01 %       3.27 %       3.02 %

    (1) Taxable equivalent rates used where applicable.
    (2) Yields on investment securities are calculated using available-for-sale securities at amortized cost.
    (3) Average balances include non-accrual loans.

    GAAP TO NON-GAAP RECONCILIATIONS

    The following items are non-GAAP financial measures: adjusted non-interest income, adjusted non-interest expense, adjusted net income, adjusted net income available to common stockholders, adjusted pre-provision net revenue (“PPNR”), adjusted diluted earnings/(loss) per common share, adjusted return on average assets, adjusted return on average common equity, adjusted efficiency ratio, adjusted non-interest income to average earning assets and adjusted non-interest expense to average earning assets. These are not measures recognized under GAAP and therefore are considered non-GAAP financial measures. The table below provides a reconciliation of these non-GAAP financial measures to the most comparable GAAP measures.

    These non-GAAP financial measures are adjusted for certain items, listed below, that management believes are non-operating in nature and not representative of its actual operating performance. Management believes that these non-GAAP financial measures provide meaningful additional information about Texas Capital Bancshares, Inc. to assist management and investors in evaluating operating results, financial strength, business performance and capital position. Non-GAAP financial measures have inherent limitations, are not required to be uniformly applied and are not audited. As such, these non-GAAP financial measures should not be considered in isolation or as a substitute for analyses of operating results or capital position as reported under GAAP.

    Reconciliation of Non-GAAP Financial Measures      
    (dollars in thousands except per share data) 2nd Quarter
    2025
    1st Quarter
    2025
    4th Quarter
    2024
    3rd Quarter
    2024
    2nd Quarter
    2024
    Net interest income $ 253,395   $ 236,034   $ 229,607   $ 240,102   $ 216,582  
               
    Non-interest income   54,069     44,444     54,074     (114,771 )   50,424  
    Available-for-sale debt securities losses, net   1,886     —     —     179,581     —  
    Non-interest income, adjusted   55,955     44,444     54,074     64,810     50,424  
               
    Non-interest expense   190,276     203,020     172,159     195,324     188,409  
    FDIC special assessment   —     —     —     651     (462 )
    Restructuring expenses   (1,401 )   —     —     (5,923 )   —  
    Non-interest expense, adjusted   188,875     203,020     172,159     190,052     187,947  
               
    Provision for credit losses   15,000     17,000     18,000     10,000     20,000  
               
    Income tax expense/(benefit)   24,860     13,411     22,499     (18,674 )   16,935  
    Tax effect of adjustments   774     —     —     44,880     104  
    Income tax expense/(benefit), adjusted   25,634     13,411     22,499     26,206     17,039  
               
    Net income/(loss)(1) $ 77,328   $ 47,047   $ 71,023   $ (61,319 ) $ 41,662  
    Net income/(loss), adjusted(1) $ 79,841   $ 47,047   $ 71,023   $ 78,654   $ 42,020  
               
    Preferred stock dividends   4,312     4,313     4,312     4,313     4,312  
               
    Net income/(loss) to common stockholders(2) $ 73,016   $ 42,734   $ 66,711   $ (65,632 ) $ 37,350  
    Net income/(loss) to common stockholders, adjusted(2) $ 75,529   $ 42,734   $ 66,711   $ 74,341   $ 37,708  
               
    PPNR(3) $ 117,188   $ 77,458   $ 111,522   $ (69,993 ) $ 78,597  
    PPNR(3), adjusted $ 120,475   $ 77,458   $ 111,522   $ 114,860   $ 79,059  
               
    Weighted average common shares outstanding, diluted   46,215,394     46,616,704     46,770,961     46,608,742     46,872,498  
    Diluted earnings/(loss) per common share $ 1.58   $ 0.92   $ 1.43   $ (1.41 ) $ 0.80  
    Diluted earnings/(loss) per common share, adjusted $ 1.63   $ 0.92   $ 1.43   $ 1.59   $ 0.80  
               
    Average total assets $ 31,419,469   $ 31,103,609   $ 32,212,087   $ 31,215,173   $ 29,750,852  
    Return on average assets   0.99 %   0.61 %   0.88 % (0.78 )%   0.56 %
    Return on average assets, adjusted   1.02 %   0.61 %   0.88 %   1.00 %   0.57 %
               
    Average common equity $ 3,195,041   $ 3,114,389   $ 3,120,933   $ 2,945,238   $ 2,857,661  
    Return on average common equity   9.17 %   5.56 %   8.50 % (8.87 )%   5.26 %
    Return on average common equity, adjusted   9.48 %   5.56 %   8.50 %   10.04 %   5.31 %
               
    Efficiency ratio(4)   61.9 %   72.4 %   60.7 %   155.8 %   70.6 %
    Efficiency ratio, adjusted(4)   61.1 %   72.4 %   60.7 %   62.3 %   70.4 %
               
    Average earning assets $ 30,302,351   $ 29,946,425   $ 31,033,803   $ 29,975,318   $ 28,573,791  
    Non-interest income to average earning assets   0.72 %   0.60 %   0.69 % (1.52 )%   0.71 %
    Non-interest income to average earning assets, adjusted   0.74 %   0.60 %   0.69 %   0.86 %   0.71 %
    Non-interest expense to average earning assets   2.52 %   2.75 %   2.21 %   2.59 %   2.65 %
    Non-interest expense to average earning assets, adjusted   2.50 %   2.75 %   2.21 %   2.52 %   2.65 %

    (1) Net interest income plus non-interest income, less non-interest expense, provision for credit losses and income tax expense/(benefit). On an adjusted basis, net interest income plus non-interest income, adjusted, less non-interest expense, adjusted, provision for credit losses and income tax expense/(benefit), adjusted.
    (2) Net income/(loss), less preferred stock dividends. On an adjusted basis, net income/(loss), adjusted, less preferred stock dividends.
    (3) Net interest income plus non-interest income, less non-interest expense. On an adjusted basis, net interest income plus non-interest income, adjusted, less non-interest expense, adjusted.
    (4) Non-interest expense divided by the sum of net interest income and non-interest income. On an adjusted basis, non-interest expense, adjusted, divided by the sum of net interest income and non-interest income, adjusted.

    The MIL Network –

    July 17, 2025
  • MIL-OSI United Kingdom: Mayor of London Launches the London to Accra Campaign

    Source: United Kingdom – Executive Government & Departments

    Press release

    Mayor of London Launches the London to Accra Campaign

    UK leading a new era of diaspora-driven growth in Ghana

    The British High Commission in Accra has officially launched the “London to Accra Economic Growth Campaign” – a bold, series of activities aimed at strengthening economic ties between the UK and Ghana, by leveraging the two countries’ greatest shared asset, the British Ghanaian diaspora. 

    The launch took place at a vibrant reception attended by the Mayor of London, Sir Sadiq Khan, and the Mayor of Accra, Hon. Michael Kpakpo Allotey, alongside 100 entrepreneurs, investors, and stakeholders from the business communities both in Ghana and the UK. 

    London to Accra transcends symbolism. It is about unlocking untapped opportunities. The campaign will raise awareness of the role that the British Ghanaian diaspora plays in driving economic growth through their people-to-people connections, creativity and cultural relations between the two cities, London and Accra, and for that matter the two countries, Great Britain and Ghana. It will also highlight the range of support available to help entrepreneurs strengthen their trade and investment activities between the two capitals. 

    Kicking off with the launch, the campaign will include a series of webinars focused on doing business between the UK and Ghana, a digital storytelling series showcasing diaspora success stories, and a roadshow of diaspora-led businesses in Accra. The culmination of this bold campaign will be the inaugural Diaspora Economic Growth Summit in January 2026 in Accra. This flagship event will serve as both the grand finale and the beginning of a new tradition in diaspora economic collaboration. 

    Keith McMahon, Chargé d’Affaires of the British High Commission in Accra, set the tone at the launch saying: 

    The London to Accra campaign is a practical approach to supporting the UK’s growth mission. Our two capitals are not just linked by culture. These connections are increasingly economic, with entrepreneurs building businesses that bridge both capitals and create prosperity in both nations. By strengthening these connections, we are creating new pathways for investment and economic growth that benefit citizens in both countries.

    The launch event featured a panel discussion with key figures including Ghana’s Director of Diaspora Affairs, Kofi Otchere Darko; Pamela Bassah, Head of Diaspora Relations and Strategic Partnerships at the British High Commission; Dr. Vanessa Apea; CEO of Accra London Health Centre; Giselle Agyare, Country Director of the UK Department for Business and Trade in Ghana; and Shirgade Laryea from the UK-Ghana Chamber of Commerce. The discussion highlighted the wide range of support available through initiatives such as Growth Gateway. 

    The campaign follows the success of the annual Diaspora New Year Networking Mixer, which began in January 2023 and has become a cornerstone event for the British Ghanaian community. The 2025 edition attracted over 500 stakeholders from the UK-Ghana diaspora, business community, and Government of Ghana, demonstrating the strong appetite for greater engagement between the two countries.

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    Updates to this page

    Published 17 July 2025

    MIL OSI United Kingdom –

    July 17, 2025
  • MIL-OSI Russia: China International Supply Chain Promotion Expo Shows Global Focus on Cooperation and Openness

    Translation. Region: Russian Federal

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

    An important disclaimer is at the bottom of this article.

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

    BEIJING, July 17 (Xinhua) — The 3rd China International Supply Chain Expo (CISCE) opened in Beijing on Wednesday, with global business leaders and officials unanimously calling for stronger supply chains through open markets, innovation and multilateral cooperation.

    “This event is not just a trade show. It is a forest of connections between economies, industries and people,” said John Denton, secretary general of the International Chamber of Commerce (ICC), in his speech. “We are here to promote our shared prosperity.”

    His words reflected a broad consensus among participants: building trust and deepening integration – from AI innovation to global manufacturing cooperation – are essential to effectively address growing global uncertainties.

    CISCE 2025, held from July 16 to 20, brought together more than 650 companies and institutions from 75 countries, regions and international organizations, as well as over 500 of their upstream and downstream partners.

    Foreign exhibitors accounted for 35 percent of the total number of participants, indicating sustainable business interest despite the strengthening geopolitical and economic headwinds.

    Organized by the China Council for the Promotion of International Trade (CCPIT), the event is the world’s first national-level exhibition dedicated exclusively to supply chains.

    Ahead of the event, Wang Yiwei, director of the Institute of International Affairs at Renmin University of China, said the active participation of multinational companies reflects “the continuing momentum and irreversibility of globalization.”

    He noted that China, with the world’s most complete and largest industrial system, is playing an increasingly important role in driving global development through digital and green transformation and is increasingly seen as a laboratory for innovation.

    China’s expanding role in global innovation ecosystems, especially in AI, was highlighted by US tech giant Nvidia CEO Jensen Huang, who spoke at CISCE for the first time.

    Calling China’s supply chain a “phenomenon,” he highlighted the country’s rapidly advancing AI technologies and their global reach. “China’s open-source AI is a catalyst for global progress,” he said, as it enables greater access to innovation and supports international cooperation on standards and safeguards.

    In an interview on the sidelines of the show, Jensen Huang reiterated Nvidia’s long-term commitment to the Chinese market. “If you want to stay in the game, you have to invest,” he said. “The market is moving so fast and the competition is so intense – we have to keep growing.”

    He added that China’s tech market is growing rapidly and remains a key focus for the company, calling it “a very important market with dynamic, innovative customers.”

    The exhibition comes as China has announced economic growth of 5.3 percent in the first half of 2025, despite growing challenges and external uncertainties.

    “China is entering a new cycle of market opportunities,” Lin Chunmei, general manager of Corning Greater China, told Xinhua. “With the rise of AI and cloud computing technologies, the AI infrastructure market is growing faster than ever.”

    She noted that China’s stable and resilient economy, along with a stable and open business environment, continues to support enterprise growth. “We have seen consistent improvements in China’s business environment over the past decades,” she added.

    At the opening ceremony, CCPIT and global business representatives launched a joint initiative calling for supply chain stability and security, digital and green transformation, and stronger international cooperation.

    CCPIT Chairman Ren Hongbin said the expo has become a platform for China’s high-level opening-up, calling for joint efforts to safeguard multilateralism and build a more connected future. -0-

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

    .

    MIL OSI Russia News –

    July 17, 2025
  • MIL-OSI United Kingdom: Sadiq to host first-ever mayoral London-Africa business summit to attract new foreign investment to the capital and boost trade links across the continent

    Source: Mayor of London

    • Mayor of London, Sadiq Khan, announces City Hall’s first-ever London-Africa business summit to be held next year
    • Sadiq is in Africa this week – he is the first ever London Mayor to lead a trade delegation to the continent to drive trade and investment and strengthen cultural links
    • Summit in London next year will bring together entrepreneurs and investors, state officials, mayors, trade groups and stock exchanges from across the African continent, to attract foreign investment to the capital and boost trade links
    • Sadiq declares that expanding ties with Africa will be key to delivering his international trade ambitions for London
    • New figures reveal that UK bilateral trade with Africa is currently worth almost £50 billion [1] and projected to be worth £62 billion by 2030

    The Mayor of London, Sadiq Khan, has today announced that City Hall will host its first-ever London-Africa business summit next year as he revealed that the UK’s bilateral trade with the African continent is likely to reach £62 billion ($79 billion) by 2030. [2]

    The Summit will bring together entrepreneurs and investors, state officials, mayors, trade groups and stock exchanges from across the continent, with the aim of promoting London as the best global city for African businesses to expand and invest in.

    It will focus on strengthening trade and investment links both ways, and the opportunities that can be unlocked for both London and Africa via key growth sectors, including fintech, creative industries, education and sustainability.

    The announcement comes as Sadiq this week leads a trade mission to Nigeria, Ghana and South Africa to bang the drum for London as a place to invest and do business, making him the first London Mayor to do so.

    The Mayor is determined to meet the goals of his Growth Plan and has doubled down on his commitment to attract foreign direct investment to help grow London’s economy by £107 billion by 2035 and create 150,000 good jobs by 2028.

    Africa’s economic growth is expected to accelerate, with several African countries projected to rank among the top 10 fastest-growing economies globally in 2025. [3]

    The bilateral trade relationship between Africa and the UK has shown consistent growth over recent years, despite global challenges. More businesses from London expand into Africa than from any other city globally and the UK stands as one of Africa’s significant trading partners, with trade between the UK and Africa worth nearly £50 billion ($63 billion) in 2024 and UK exports up seven per cent year on year [4].

    Since 2013, London has been the leading destination city for African FDI in Europe and the US with 72 projects, and ranks as the second most popular destination globally outside Africa — behind only Dubai (202 projects) and ahead of Paris (63 projects). [5] Over the past decade, there have been a total of 71 projects recorded from Africa to London, accounting for an estimated £578 million in Capital Expenditure and creating 2,145 jobs. [6]

    Sadiq is visiting Lagos in Nigeria, Accra in Ghana, and Johannesburg and Cape Town in South Africa this week to build on extensive connections between the region and the capital’s growing African diaspora, and boost trade links with London. Alongside the visit, the Mayor’s growth agency London & Partners is hosting a trade delegation of 36 London-based companies that are looking to grow their business and access opportunities in Africa.   

    The Mayor of London, Sadiq Khan, said: “Trade between the UK and Africa is projected to be worth £62 billion by 2030. Whether its their tech start ups or business and financial services, London is perfectly placed to benefit from Africa’s growth.

    “Today I am announcing that City Hall will host the first-ever mayoral London-Africa business summit to tap into the huge economic opportunities that a strong, mutual relationship with the continent can bring.

    “Expanding ties with Africa will be key to delivering our international trade ambitions, creating thousands of good jobs in the next five years and beyond.

    “London has a rich history with the continent through our diaspora communities. I’m proud to be the first Mayor of London to visit Africa to drive trade and investment and strengthen our cultural links as we work to build a better, more prosperous city for everyone.”

    With nearly eight per cent of Londoners being of African heritage [7] and African students studying in London accounting for four per cent of all international students, half of whom are studying at post-graduate level, [8] the Summit will be a landmark opportunity for London to build on its strong cultural links and history with the African continent.

    The Mayor is keen to tap into Africa’s successes as a growing tech hub and has already begun to establish relationships with cities leading in this space, including Lagos in Nigeria which has generated five tech ‘unicorns’ [9] – startup companies valued at over US$1 billion – and is ranked as the world’s fastest-growing tech hub by global data analysts Dealroom [10].

    Accra, the capital of Ghana has also been highlighted by Dealroom [11] as an up-and-coming business sector with a tech hub that punches above its weight in innovation startup activity, research output, and university-industry collaboration.

    Foreign Secretary David Lammy said: “London is a global city, where the world comes to do business.

    “The UK is committed to a new approach with African countries – rooted in partnership, not paternalism and built on mutual respect. By bringing together investors, innovators and decisions-makers the London-Africa Business Summit will strengthen those ties and unlock growth and prosperity.

    Laura Citron, CEO of London & Partners said: “We’re proud to be joining the Mayor on this historic visit to Africa. It’s an exciting opportunity to explore the continent’s dynamic growth sectors, as well as discovering how their innovation and ambition can inspire new approaches back home in London. With next year’s first Africa–London Summit, this trip is a pivotal moment to build lasting partnerships, unlock new opportunities, and strengthen business ties between our regions.”

    Adjoba Kyiamah, Executive Director of the UK-Ghana Chamber of Commerce, said: “We welcome the Mayor’s first-ever London-Africa business summit next year, to forge deeper, mutually prosperous ties between London and Ghana.

    “As Accra continues to emerge as a vibrant tech hub, this summit will be a crucial platform to unlock new opportunities, benefiting businesses and ensuring economic prosperity in both London and Accra.

    “As the leading private sector voice of the UK-Ghana business community in Ghana, we are committed to promoting bilateral trade and investment between Ghana and the UK. We are thus encouraged by the summit’s focus on key growth sectors such as fintech, creative industries, education, and sustainability, which hold immense potential for mutual prosperity.”

    MIL OSI United Kingdom –

    July 17, 2025
  • MIL-OSI United Kingdom: Mayor of London joins leaders in Accra to announce ‘historic’ new memorial site for victims of Transatlantic Slavery

    Source: Mayor of London

    • New memorial in Accra will stand testament to the one million people who were trafficked from the Gold Coast (present day Ghana) as part of the Transatlantic Slave Trade
    • Planned artwork in Accra and Freetown will be first of a global network linked to the landmark memorial planned in London & funded by the Mayor
    • Sadiq made the announcement during his trade mission to Africa

    The first of a global network of memorials to victims of Transatlantic Slavery will be created in Ghana, linked to the landmark memorial planned in London, the Mayor of London Sadiq Khan and Mayor of Accra Hon. Michael Kpakpo Allotey announced today.

    The Mayor of London joined his counterpart in Accra to unveil plans for the memorial, as part of his historic five-day trade mission to Africa, as he continues to strengthen ties with countries across the continent.

    Sadiq announced last year that ‘The Wake’ by Khaleb Brooks had been selected as the Memorial to Victims of Transatlantic Slavery in London, with £500,000 funding from the Mayor. The first of its scale and profile in the UK, the new memorial will be located in West India Quay in London Docklands. A number of smaller memorials will be installed at other locations that have connections to the trade of enslaved people, recognising that the legacy of Transatlantic Slavery is still present the capital.

    Accra in Ghana will host the first of these partner memorials at a site outside its City Hall, with plans led by local leaders and communities. It will kickstart a global network of memorials that will connect back to ‘The Wake’ design in London, a seven-metre tall sculpture in the shape of a bronze cowrie shell that includes the names of enslaved people inside and a wind-chime soundscape, which is expected to be installed in 2026. Freetown in Sierra Leone will also join this global network of memorial sites. Each international partner memorial will be marked by a smaller cowrie shell artwork also designed by Khaleb Brooks.

    London played a key role in the organisation and funding of the Transatlantic Slave Trade. While there are some monuments commemorating abolition in Ghana, and many statues and buildings reflecting the wealth and power the slave trade created internationally, more needs to be done to remember the millions of people who were enslaved and abused as a result – along with its impact on generations of Africans around the world.

    All of the partner memorials will involve programmes educating future generations about the connections between London’s wealth and the Transatlantic Slave Trade. The new partner memorial in Accra will recognise the lasting and devastating impact of the Transatlantic Slave Trade and stand testament to the one million people who were trafficked from the Gold Coast (present day Ghana) across the world.

    Sadiq is this week visiting Lagos in Nigeria, Accra in Ghana, and Johannesburg and Cape Town in South Africa to build on extensive connections between the countries and the capital’s growing African diaspora, and boost trade links with London.

    The Mayor of London Sadiq Khan said: “I’m honoured to join the Mayor of Accra to announce the first partner memorial to Victims of Transatlantic Slavery. This painful history continues to shape global society, and remembering the horrors of the Transatlantic Slave Trade is essential for us to understand ongoing inequalities today.

    “This historic artwork will directly connect to the landmark memorial we are creating in London, providing a place to educate people about of the capital’s role in this terrible episode in human history.

    “It’s now more important than ever that we commit to confronting these difficult parts of our history so that we can remember the millions of lives that were changed forever, but also learn from it.”

    Hon. Michael Kpakpo Allotey, Mayor of Accra, said: “The new memorial to be mounted in Accra marks an important and solemn moment for our city and for Ghana as a whole and will stand as a powerful reminder of the resilience of those who were enslaved and of our shared responsibility to remember and honour their lives.

    “Hosting the first of these partner memorials in Accra, we hope to create a space for reflection, education, and healing to educate future generations of the painful chapter of our history and its enduring impact. This initiative, in partnership with the Mayor of London, will no doubt help in fostering dialogue and building stronger connections between the two communities.

    “On behalf of the city of Accra, we are grateful to Mayor Sadiq Khan and the people of London for their commitment to telling this story in a way that transcends borders.”

    Dr Debbie Weekes-Bernard, Deputy Mayor for Communities and Social Justice, said: “I welcome the official plans for the first partner memorial site in Accra, Ghana which will link back to the memorial being created for London as part of a global network of locations educating future generations on the history and legacy of the Transatlantic Slave Trade.

    “When complete, this memorial will bring to light a history that should never be forgotten, marks a past that we must learn from, and reminds us of our collective duty to creating a better society. Only by educating our current and future generations and actively working to tackle the inequalities of today, can we build a fairer London and world for all.”

    MIL OSI United Kingdom –

    July 17, 2025
  • MIL-Evening Report: 12 countries agree to confront Israel collectively over Gaza after Bogotá summit

    ANALYSIS: By Mick Hall

    Collective measures to confront Israel’s genocide of the Palestinian people have been agreed by 12 nations after an emergency summit of the Hague Group in Bogotá, Colombia.

    A joint statement today announced the six measures, which it said were geared to holding Israel to account for its crimes in Palestine and would operate within the states’ domestic legal and legislative frameworks.

    Nearly two dozen other nations in attendance at the summit are now pondering whether to sign up to the measures before a September deadline set by the Hague Group.

    New Zealand and Australia stayed away from the summit.

    The measures include preventing the provision or transfer of arms, munitions, military fuel and dual-use items to Israel and preventing the transit, docking or servicing of vessels if there is a risk of vessels carrying such items. No vessel under the flag of the countries would be allowed to carry this equipment.

    The countries would also “commence an urgent review of all public contracts, in order to prevent public institutions and public funds, where applicable, from supporting Israel’s illegal occupation of the Palestinian Territory which may entrench its unlawful presence in the territory, to ensure that our nationals, and companies and entities under our jurisdiction, as well as our authorities, do not act in any way that would entail recognition or provide aid or assistance in maintaining the situation created by Israel’s illegal presence in the Occupied Palestinian Territory”.

    The countries will prosecute “the most serious crimes under international law through robust, impartial and independent investigations and prosecutions at national or international levels, in compliance with our obligation to ensure justice for all victims and the prevention of future crimes”.

    They agreed to support universal jurisdiction mandates, “as and where applicable in our legal constitutional frameworks and judiciaries, to ensure justice for all victims and the prevention of future crimes in the Occupied Palestine Territory”.

    This will mean IDF soldiers and others accused of war crimes in Palestine would face arrest and could go through domestic judicial processes in these countries, or referrals to the ICC.

    The statement said the measures constituted a collective commitment to defend the foundational principles of international law.

    It also called on the UN Economic and Social Council (ECOSOC) to commission an immediate investigation of the health and nutritional needs of the population of Gaza, devise a plan to meet those needs on a continuing and sustained basis, and report on these matters before the 80th session of the United Nations General Assembly in September.

    Following repeated total blockades of Gaza since October 7, 2023, Gazans have been dying of starvation as they continue to be bombed and repeatedly displaced and their means of life destroyed.

    The official death toll stands at nearly 59,000, mostly women and children, although some estimates put that number at over 200,000.

    The joint statement recognised Israel as a threat to regional peace and the system of international law and called on all United Nations member states to enforce their obligations under the UN charter.

    It condemned “unilateral attacks and threats against United Nations mandate holders, as well as key institutions of the human rights architecture and international justice” and committed to build “on the legacy of global solidarity movements that have dismantled apartheid and other oppressive systems, setting a model for future co-ordinated responses to international law violations”.

    Countries face wrath of US
    Ministers, high-ranking officials and envoys from 30 nations attended the two-day event, from July 15-16, called to come up with the measures. It is now hoped some of those attendees will sign up to the statement by September.

    For countries like Ireland, which sent a delegation, signing up would have profound implications. The Irish government has been heavily criticised by its own citizens for continuing to allow Shannon Airport as a transit point for military equipment from the United States to be sent to Israel.

    It would also face the prospect of severe reprisals by the US, as would others thinking of adding their names to the collective statement. The US is now expected to consult with nations that attended and warn them of the consequences of signing up.

    The summit had been billed by the UN Rapporteur for Human Rights in the Occupied Palestinian Territories, Francesca Albanese, as “the most significant political development of the last 20 months”.

    Albanese had told attendees that “for too long, international law has been treated as optional — applied selectively to those perceived as weak, ignored by those acting as the powerful”.

    “This double standard has eroded the very foundations of the legal order. That era must end,” she said.

    Co-chaired by Colombia and South Africa, the Hague group was established by nine nations in late January at The Hague in the Netherlands to hold Israel to account for its crimes and push for Palestinian self-determination.

    Colombia last year ended diplomatic relations with Israel, while South Africa in late December 2023 filed an application at the International Court of Justice (ICJ) accusing Israel of genocide, which was joined by nearly two dozen countries.

    The ICJ has determined a plausible genocide is taking place and issued orders for Israel to protect Palestinians and take measures to stop genocide taking place, a call ignored by the Zionist state.

    Representatives from the countries arrived in Bogota this week in defiance of the United States, which last week sanctioned Albanese for attempts to have US and Israeli political officials and business leaders prosecuted by the ICC over Gaza.

    Secretary of State Marco Rubio called it an illegitimate “campaign of political and economic warfare”.

    It followed the sanctioning of four ICC judges after arrest warrants were issued in November last year for Israel Prime Minister Benjamin Netanyahu and former defence minister Yoav Gallant, for crimes against humanity and war crimes.

    Ahead of the Bogota meeting, the US State Department accused The Hague Group of multilateral attempts to “weaponise international law as a tool to advance radical anti-Western agendas” and warned the US would “aggressively defend” its interests.

    Signs of division in the West
    Most of those attending came from nations in the Global South, but not all.

    Founding Hague Group members Belize, Bolivia, Colombia, Cuba, Honduras, Malaysia, Namibia, Senegal and South Africa attended the Summit. Joining them were Algeria, Bangladesh, Botswana, Brazil, Chile, China, Djibouti, Indonesia, Iraq, Republic of Ireland, Lebanon, Libya, Mexico, Nicaragua, Oman, Pakistan, Palestine, Qatar, Saint Vincent and the Grenadines, Uruguay, and Venezuela.

    However, in a sign of increasing division in the West, NATO members Spain, Portugal, Norway, Slovenia and Turkey also attended.

    Inside the summit, former US State Department official Annelle Sheline, who resigned in March over Gaza, defended the right of those attending “to uphold their obligations under the UN Convention on the Prevention and Punishment of the Crime of Genocide”.

    “This is not the weaponisation of international law. This is the application of international law,” she told delegates.

    The US and Israel deny accusations that genocide is taking place in Gaza, while Western media have collectively refused to adjudicate the claims or frame stories around Israel’s ethnic cleansing of the strip, despite ample evidence by the UN and genocide experts.

    Since 7 October 2023, US allies have offered diplomatic cover for Israel by repeating it had “a right to defend itself” and was engaged in a legitimate defensive “war against Hamas”.

    Israel now plans to corral starving Gazans into a concentration camp in the south of the strip, with many analysts expecting the IDF to exterminate anyone found outside its boundaries, while preparing to push those inside across the border into Egypt.

    Asia Pacific and EU allies shun Bogota summit
    Addressing attendees at the summit yesterday, Albanese criticised the EU for its neo-colonialism and support for Israel, criticisms that can be extended to US allies in the Asia Pacific region.

    Independent journalist Abby Martin reported Albanese as saying: “Europe and its institutions are guided more by colonial mindset than principle, acting as vessels to US Empire even as it drags us from war to war, misery to misery.

    “The Hague Group is a new moral centre in world politics. Millions are hoping for leadership that can birth a new global order, rooted in justice, humanity and collective liberation. It’s not just about Palestine. This is about all of us.”

    The Australian Ministry of Foreign Affairs and Trade was asked why Foreign Minister Penny Wong did not take up an invite to attend the Hague Group meeting. In a statement to Mick Hall in Context, a spokesperson said she had been unable to attend, but did not explain why.

    She said Australia was a “resolute defender of international law” and added: “Australia has consistently been part of international calls that all parties must abide by international humanitarian law. Not enough has been done to protect civilians and aid workers.

    “We have called on Israel to respond substantively to the ICJ’s advisory opinion on the legal consequences arising from Israel’s policies and practices in the Occupied Palestinian Territories.

    “We have also called on Israel to comply with the binding orders of the ICJ, including to enable the unhindered provision of basic services and humanitarian assistance at scale.”

    When asked why New Zealand’s Foreign Minister Winston Peters had failed to take up the invitation or send any of his officials, a Ministry of Foreign Affairs and Trade (MFAT) spokesperson simply refused to comment.

    She said MFAT media advisors would only engage with “recognised news media outlets”.

    Australia’s Prime Minister Anthony Albanese and New Zealand’s Prime Minister Christopher Luxon, as well as a number of his ministers, have been referred to the ICC by domestic legal teams, accused of complicity in the genocide.

    Evidence against Albanese was accepted into the ICC’s wider investigation of crimes in Gaza in October last year, while Luxon’s referral earlier this month is being assessed by the Chief Prosecutor’s Office.

    Delegates told humanity at stake
    Delegates heard several impassioned addresses from speakers on what was at stake during the two-day event in Bogota.

    Palestinian-American trauma surgeon, Dr Thaer Ahmad, told the gathering that Palestinians seeking food were being met with bullets, describing aid distribution facilities set up by the US contractor-run Gaza Humanitarian Foundation (GHF) as “slaughterhouses”. More than 800 starving Gazans have been killed at the GHF aid points so far.

    “People know they could die but cannot sit idly by and watch their families starve,” he said.

    “The bullets fired by GHF mercenaries are just one part of the weaponisation of aid, where Palestinians are ghettoised into areas where somebody in military fatigues decides if you are worthy of food or not.”

    Palestinian diplomat Riyad Mansour had urged the summit attendees to take decisive action to not only save the Palestinian people, but redeem humanity.

    “Instead of outrage at the crimes we know are taking place, we find those who defend, normalise, and even celebrate them,” he said.

    “The core values we believed humanity agreed were universal are shattered, blown to pieces like the tens of thousands of starved, murdered and injured civilians in Palestine.

    “The mind and heart cannot fathom or process the immense pain and horror that has taken hold of the lives of an entire people. We must not fail — not just for Palestine’s sake — but for humanity’s sake.”

    At the beginning of the summit, Colombian Deputy Foreign Minister Mauricio Jaramillo Jassir told summit delegates the Palestinian genocide threatened the entire international system.

    Colombian President Gustavo Petro wrote in The Guardian last week: “We can either stand firm in defence of the legal principles that seek to prevent war and conflict, or watch helplessly as the international system collapses under the weight of unchecked power politics.”

    Meanwhile, EU foreign ministers, as well as Israel’s Foreign Minister Gideon Sa’ar and Syrian counterpart, Asaad Hassan al-Shaibani, met in Brussels at the same time as the Bogota summit, to discuss Middle East co-operation, but also possible options for action against Israel.

    At the EU–Southern Neighbourhood Ministerial Meeting, EU foreign policy chief Kaja Kallas put forward potential actions after Israel was found to have breached the EU economic cooperation deal with the bloc on human rights grounds. As expected, no sanctions, restricted trade or suspension of the co-operation deal were agreed.

    The EU has been one of Israel’s most strident backers in its campaign against Gaza, with EU members Germany and France in particular supplying weapons, as well as political support.

    The UK government has continued to supply arms and operate spy planes over Gaza over the past 21 months, launched from bases in Cyprus, while its military has issued D-Notices to censor media reports that its special forces have been operating inside the occupied territories.

    Mick Hall is an independent Irish-New Zealand journalist, formerly of RNZ and AAP, based in New Zealand since 2009. He writes primarily on politics, corporate power and international affairs. This article is republished from his substack Mick Hall in Context with permission.

    MIL OSI Analysis – EveningReport.nz –

    July 17, 2025
  • MIL-Evening Report: 12 countries agree to confront Israel collectively over Gaza after Bogotá summit

    ANALYSIS: By Mick Hall

    Collective measures to confront Israel’s genocide of the Palestinian people have been agreed by 12 nations after an emergency summit of the Hague Group in Bogotá, Colombia.

    A joint statement today announced the six measures, which it said were geared to holding Israel to account for its crimes in Palestine and would operate within the states’ domestic legal and legislative frameworks.

    Nearly two dozen other nations in attendance at the summit are now pondering whether to sign up to the measures before a September deadline set by the Hague Group.

    New Zealand and Australia stayed away from the summit.

    The measures include preventing the provision or transfer of arms, munitions, military fuel and dual-use items to Israel and preventing the transit, docking or servicing of vessels if there is a risk of vessels carrying such items. No vessel under the flag of the countries would be allowed to carry this equipment.

    The countries would also “commence an urgent review of all public contracts, in order to prevent public institutions and public funds, where applicable, from supporting Israel’s illegal occupation of the Palestinian Territory which may entrench its unlawful presence in the territory, to ensure that our nationals, and companies and entities under our jurisdiction, as well as our authorities, do not act in any way that would entail recognition or provide aid or assistance in maintaining the situation created by Israel’s illegal presence in the Occupied Palestinian Territory”.

    The countries will prosecute “the most serious crimes under international law through robust, impartial and independent investigations and prosecutions at national or international levels, in compliance with our obligation to ensure justice for all victims and the prevention of future crimes”.

    They agreed to support universal jurisdiction mandates, “as and where applicable in our legal constitutional frameworks and judiciaries, to ensure justice for all victims and the prevention of future crimes in the Occupied Palestine Territory”.

    This will mean IDF soldiers and others accused of war crimes in Palestine would face arrest and could go through domestic judicial processes in these countries, or referrals to the ICC.

    The statement said the measures constituted a collective commitment to defend the foundational principles of international law.

    It also called on the UN Economic and Social Council (ECOSOC) to commission an immediate investigation of the health and nutritional needs of the population of Gaza, devise a plan to meet those needs on a continuing and sustained basis, and report on these matters before the 80th session of the United Nations General Assembly in September.

    Following repeated total blockades of Gaza since October 7, 2023, Gazans have been dying of starvation as they continue to be bombed and repeatedly displaced and their means of life destroyed.

    The official death toll stands at nearly 59,000, mostly women and children, although some estimates put that number at over 200,000.

    The joint statement recognised Israel as a threat to regional peace and the system of international law and called on all United Nations member states to enforce their obligations under the UN charter.

    It condemned “unilateral attacks and threats against United Nations mandate holders, as well as key institutions of the human rights architecture and international justice” and committed to build “on the legacy of global solidarity movements that have dismantled apartheid and other oppressive systems, setting a model for future co-ordinated responses to international law violations”.

    Countries face wrath of US
    Ministers, high-ranking officials and envoys from 30 nations attended the two-day event, from July 15-16, called to come up with the measures. It is now hoped some of those attendees will sign up to the statement by September.

    For countries like Ireland, which sent a delegation, signing up would have profound implications. The Irish government has been heavily criticised by its own citizens for continuing to allow Shannon Airport as a transit point for military equipment from the United States to be sent to Israel.

    It would also face the prospect of severe reprisals by the US, as would others thinking of adding their names to the collective statement. The US is now expected to consult with nations that attended and warn them of the consequences of signing up.

    The summit had been billed by the UN Rapporteur for Human Rights in the Occupied Palestinian Territories, Francesca Albanese, as “the most significant political development of the last 20 months”.

    Albanese had told attendees that “for too long, international law has been treated as optional — applied selectively to those perceived as weak, ignored by those acting as the powerful”.

    “This double standard has eroded the very foundations of the legal order. That era must end,” she said.

    Co-chaired by Colombia and South Africa, the Hague group was established by nine nations in late January at The Hague in the Netherlands to hold Israel to account for its crimes and push for Palestinian self-determination.

    Colombia last year ended diplomatic relations with Israel, while South Africa in late December 2023 filed an application at the International Court of Justice (ICJ) accusing Israel of genocide, which was joined by nearly two dozen countries.

    The ICJ has determined a plausible genocide is taking place and issued orders for Israel to protect Palestinians and take measures to stop genocide taking place, a call ignored by the Zionist state.

    Representatives from the countries arrived in Bogota this week in defiance of the United States, which last week sanctioned Albanese for attempts to have US and Israeli political officials and business leaders prosecuted by the ICC over Gaza.

    Secretary of State Marco Rubio called it an illegitimate “campaign of political and economic warfare”.

    It followed the sanctioning of four ICC judges after arrest warrants were issued in November last year for Israel Prime Minister Benjamin Netanyahu and former defence minister Yoav Gallant, for crimes against humanity and war crimes.

    Ahead of the Bogota meeting, the US State Department accused The Hague Group of multilateral attempts to “weaponise international law as a tool to advance radical anti-Western agendas” and warned the US would “aggressively defend” its interests.

    Signs of division in the West
    Most of those attending came from nations in the Global South, but not all.

    Founding Hague Group members Belize, Bolivia, Colombia, Cuba, Honduras, Malaysia, Namibia, Senegal and South Africa attended the Summit. Joining them were Algeria, Bangladesh, Botswana, Brazil, Chile, China, Djibouti, Indonesia, Iraq, Republic of Ireland, Lebanon, Libya, Mexico, Nicaragua, Oman, Pakistan, Palestine, Qatar, Saint Vincent and the Grenadines, Uruguay, and Venezuela.

    However, in a sign of increasing division in the West, NATO members Spain, Portugal, Norway, Slovenia and Turkey also attended.

    Inside the summit, former US State Department official Annelle Sheline, who resigned in March over Gaza, defended the right of those attending “to uphold their obligations under the UN Convention on the Prevention and Punishment of the Crime of Genocide”.

    “This is not the weaponisation of international law. This is the application of international law,” she told delegates.

    The US and Israel deny accusations that genocide is taking place in Gaza, while Western media have collectively refused to adjudicate the claims or frame stories around Israel’s ethnic cleansing of the strip, despite ample evidence by the UN and genocide experts.

    Since 7 October 2023, US allies have offered diplomatic cover for Israel by repeating it had “a right to defend itself” and was engaged in a legitimate defensive “war against Hamas”.

    Israel now plans to corral starving Gazans into a concentration camp in the south of the strip, with many analysts expecting the IDF to exterminate anyone found outside its boundaries, while preparing to push those inside across the border into Egypt.

    Asia Pacific and EU allies shun Bogota summit
    Addressing attendees at the summit yesterday, Albanese criticised the EU for its neo-colonialism and support for Israel, criticisms that can be extended to US allies in the Asia Pacific region.

    Independent journalist Abby Martin reported Albanese as saying: “Europe and its institutions are guided more by colonial mindset than principle, acting as vessels to US Empire even as it drags us from war to war, misery to misery.

    “The Hague Group is a new moral centre in world politics. Millions are hoping for leadership that can birth a new global order, rooted in justice, humanity and collective liberation. It’s not just about Palestine. This is about all of us.”

    The Australian Ministry of Foreign Affairs and Trade was asked why Foreign Minister Penny Wong did not take up an invite to attend the Hague Group meeting. In a statement to Mick Hall in Context, a spokesperson said she had been unable to attend, but did not explain why.

    She said Australia was a “resolute defender of international law” and added: “Australia has consistently been part of international calls that all parties must abide by international humanitarian law. Not enough has been done to protect civilians and aid workers.

    “We have called on Israel to respond substantively to the ICJ’s advisory opinion on the legal consequences arising from Israel’s policies and practices in the Occupied Palestinian Territories.

    “We have also called on Israel to comply with the binding orders of the ICJ, including to enable the unhindered provision of basic services and humanitarian assistance at scale.”

    When asked why New Zealand’s Foreign Minister Winston Peters had failed to take up the invitation or send any of his officials, a Ministry of Foreign Affairs and Trade (MFAT) spokesperson simply refused to comment.

    She said MFAT media advisors would only engage with “recognised news media outlets”.

    Australia’s Prime Minister Anthony Albanese and New Zealand’s Prime Minister Christopher Luxon, as well as a number of his ministers, have been referred to the ICC by domestic legal teams, accused of complicity in the genocide.

    Evidence against Albanese was accepted into the ICC’s wider investigation of crimes in Gaza in October last year, while Luxon’s referral earlier this month is being assessed by the Chief Prosecutor’s Office.

    Delegates told humanity at stake
    Delegates heard several impassioned addresses from speakers on what was at stake during the two-day event in Bogota.

    Palestinian-American trauma surgeon, Dr Thaer Ahmad, told the gathering that Palestinians seeking food were being met with bullets, describing aid distribution facilities set up by the US contractor-run Gaza Humanitarian Foundation (GHF) as “slaughterhouses”. More than 800 starving Gazans have been killed at the GHF aid points so far.

    “People know they could die but cannot sit idly by and watch their families starve,” he said.

    “The bullets fired by GHF mercenaries are just one part of the weaponisation of aid, where Palestinians are ghettoised into areas where somebody in military fatigues decides if you are worthy of food or not.”

    Palestinian diplomat Riyad Mansour had urged the summit attendees to take decisive action to not only save the Palestinian people, but redeem humanity.

    “Instead of outrage at the crimes we know are taking place, we find those who defend, normalise, and even celebrate them,” he said.

    “The core values we believed humanity agreed were universal are shattered, blown to pieces like the tens of thousands of starved, murdered and injured civilians in Palestine.

    “The mind and heart cannot fathom or process the immense pain and horror that has taken hold of the lives of an entire people. We must not fail — not just for Palestine’s sake — but for humanity’s sake.”

    At the beginning of the summit, Colombian Deputy Foreign Minister Mauricio Jaramillo Jassir told summit delegates the Palestinian genocide threatened the entire international system.

    Colombian President Gustavo Petro wrote in The Guardian last week: “We can either stand firm in defence of the legal principles that seek to prevent war and conflict, or watch helplessly as the international system collapses under the weight of unchecked power politics.”

    Meanwhile, EU foreign ministers, as well as Israel’s Foreign Minister Gideon Sa’ar and Syrian counterpart, Asaad Hassan al-Shaibani, met in Brussels at the same time as the Bogota summit, to discuss Middle East co-operation, but also possible options for action against Israel.

    At the EU–Southern Neighbourhood Ministerial Meeting, EU foreign policy chief Kaja Kallas put forward potential actions after Israel was found to have breached the EU economic cooperation deal with the bloc on human rights grounds. As expected, no sanctions, restricted trade or suspension of the co-operation deal were agreed.

    The EU has been one of Israel’s most strident backers in its campaign against Gaza, with EU members Germany and France in particular supplying weapons, as well as political support.

    The UK government has continued to supply arms and operate spy planes over Gaza over the past 21 months, launched from bases in Cyprus, while its military has issued D-Notices to censor media reports that its special forces have been operating inside the occupied territories.

    Mick Hall is an independent Irish-New Zealand journalist, formerly of RNZ and AAP, based in New Zealand since 2009. He writes primarily on politics, corporate power and international affairs. This article is republished from his substack Mick Hall in Context with permission.

    MIL OSI Analysis – EveningReport.nz –

    July 17, 2025
  • MIL-OSI Africa: Africa’s Crude Export Landscape is Shifting – What It Means for the Continent and the Industry

    Source: APO – Report:

    .

    Africa is repositioning itself in the global oil market – not merely as a supplier to international markets, but as a rising energy consumer and industrial growth hub. The newly released OPEC World Oil Outlook 2025 underscores a continent in transition, leveraging its natural resources to meet domestic demand, expand refining capacity and strengthen regional energy security. These shifts signal a maturing energy profile, one that will be at the forefront of discussions during African Energy Week 2025 (AEW): Invest in African Energies, where policymakers, investors and industry leaders will shape the future of African energy on African terms.

    Crude Exports Plateau Before Gradual Decline

    OPEC projects that Africa’s total crude and condensate exports will remain stable at around 5.2 million barrels per day (bpd) through 2035, thanks to modest increases in production. However, this steady supply will increasingly be used at home. By 2050, exports are expected to decline to 4.2 million bpd – not due to market loss, but as a result of rising domestic demand and strategic value addition on the continent.

    One of the most significant insights from the report is the continent’s growing internal energy appetite. Domestic crude use is expected to rise from 1.8 million bpd in 2024 to 4.5 million bpd by 2050, nearly tripling over the outlook period. This growth is tied to Africa’s demographic boom, industrial expansion and a concerted push to enhance local refining and downstream infrastructure. As African governments invest in capacity to process more of their own crude and produce their own fuels, the continent is taking steps toward energy independence and job creation across the value chain.

    Europe and Asia: Changing Trade Patterns

    Meanwhile, global trade patterns are shifting in ways that present new opportunities for African producers. Exports to Europe are expected to increase to a peak of 3 million bpd in 2030, before gradually tapering to 2.3 million bpd by 2050, in line with Europe’s broader energy transition and shrinking reliance on imported oil. The Asia-Pacific region is emerging as a more prominent long-term partner, with African crude exports remaining stable at 1.9 million bpd through 2030, then rising modestly to 2.2 million bpd by 2040 before easing to 1.8 million bpd by 2050.

    Trade with the U.S. and Canada, which stood at 400,000 bpd in 2024, is expected to fall to 100,000 bpd by 2045, as competition from Latin America intensifies. Yet rather than signaling decline, this trend underscores the importance of market diversification and deeper regional cooperation – a direction many African producers are already pursuing through integrated trade corridors, cross-border pipelines and African Continental Free Trade Area initiatives.

    What This Means for Africa’s Energy Strategy — and AEW

    These evolving dynamics will be a core focus at AEW 2025: Invest in African Energies, the continent’s premier platform for energy dialogue, investment and policy alignment. AEW will provide a stage for African countries to present their long-term energy strategies and forge partnerships aimed at building capacity, securing financing and scaling infrastructure. Rather than reacting to global shifts, Africa is asserting its own agenda centered on energy access, industrialization and sustainable growth.

    A dedicated OPEC roundtable at AEW will also explore the implications of the World Oil Outlook 2025 in greater depth. This forum will offer African producers and OPEC member states a chance to align on market expectations, explore new trade frameworks and identify areas for collaboration across production, refining and investment.

    “As demand at home accelerates and global market dynamics evolve, the continent is stepping into a more self-directed and strategic role in the energy world. AEW 2025 will be a critical moment to chart that course, ensuring that Africa’s oil and gas resources are harnessed not only for global supply but for African prosperity,” says NJ Ayuk, Executive Chairman, African Energy Week.

    – on behalf of African Energy Chamber.

    About AEW: Invest in African Energies: 
    AEW: Invest in African Energies is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit www.AECWeek.com for more information about this exciting event.

    MIL OSI Africa –

    July 17, 2025
  • MIL-OSI Africa: Financing Africa’s Minerals: Momentum Builds Ahead of African Mining Week (AMW) 2025

    Source: APO – Report:

    .

    International finance institutions are playing an increasingly pivotal role in Africa’s mining sector, providing essential capital and technical support to unlock the continent’s vast mineral potential. Last month, Angola became a sovereign shareholder in the Africa Finance Corporation (AFC) through a $184.8 million equity investment. This milestone builds on over $1 billion in AFC financing that Angola has already received, including for the Lobito Corridor – an integrated logistics project connecting Angola, Zambia and the Democratic Republic of Congo.

    Institutions such as the International Finance Corporation (IFC), African Development Bank (AfDB) and European Bank for Reconstruction and Development (ERBD) are actively funding mining projects throughout the continent. As such, the upcoming African Mining Week (AMW) – Africa’s premier gathering for mining stakeholders, scheduled for October 1-3, 2025, in Cape Town – will showcase strategic moves by African mineral-rich countries to enhance cooperation with global financiers. A dedicated panel titled The Investor Perspective – Financing Africa’s Mineral Industrialization will discuss the investment landscape for African mineral industrialization.

    Algeria officially joined the New Development Bank – a multilateral institution founded by BRICS countries – in May this year, enhancing the country’s access to capital and technical support for its oil, gas and mineral industries. That same month, Benin, Ivory Coast – one of Africa’s largest gold producers – and Nigeria were designated as recipient countries by the EBRD, broadening their access to energy and mining project funding.

    Meanwhile, Ghana – Africa’s largest gold producer – recently joined Nigeria and Angola in completing their capital contributions to the forthcoming Africa Energy Bank. Spearheaded by the African Petroleum Producers Organization and African Export-Import Bank (Afreximbank), the bank will serve as a dedicated financing institution for African extractive sector projects.

    In March 2025, Somalia also became the 53rd member of Afreximbank, a move expected to unlock new financing channels for the country’s gold mining and trade-related developments. In 2024, the Ivory Coast and Botswana – the world’s largest diamond producer – joined the AFC as sovereign shareholders, while Libya became the 53rd member of Afreximbank.

    In line with growing efforts to align financial innovation with mineral sector development, the AfDB approved a $150 million senior loan to Mauritania’s state-owned mining firm, Société Nationale Industrielle et Minière (SNIM). The funding supports a $467 million logistics expansion program aimed at doubling SNIM’s iron ore railway transport capacity by 2030 and scaling up production of higher value-added products like iron ore pellets. The project integrates renewable energy through the construction of a 12 MW solar plant and includes climate resilience measures backed by the Africa Adaptation Acceleration Program.

    Amidst these developments, AMW connects African policymakers with global investors to strengthen existing and forge new investment partnerships aimed at unlocking the continents full potential of its extractive sector.

    – on behalf of Energy Capital & Power.

    MIL OSI Africa –

    July 17, 2025
  • MIL-OSI Submissions: Trade – Premium Beverages from Around the World Make Their Mark in China with Gebrüder Weiss

    Source: Gebrüder Weiss

    From Australian Ginger Beer to Fiji Water, and Vita Coconut Water: Jebsen Group relies on Gebrüder Weiss’s logistics expertise for nationwide beverage distribution across China.

    Shanghai / Lauterach, July 17, 2025. The international transport and logistics company Gebrüder Weiss is driving the dynamic growth of Jebsen Group’s beverage business line in China through comprehensive warehousing and distribution solutions. 

    Headquartered in Hong Kong, Jebsen Group is a well-established trading company known for bringing international premium brands to Greater China and marketing them across the region. 

    Featured brands include renowned products such as Bundaberg Ginger Beer, Fiji Water, and Vita Coconut Water. From Shanghai, the brands are distributed nationwide to supermarkets, wholesalers, and e-commerce platforms.

    “Thanks to Gebrüder Weiss’s modern supply chain infrastructure and professional team, we’ve been able to significantly expand our market position,” said Gary Chan, Head of Supply Chain, Beverage at Jebsen. Customers include leading retailers such as Hema – the Alibaba-owned supermarket chain, as well as JD.com and numerous other retailers and wholesalers throughout China.

    The partnership dates back to 2017, when Gebrüder Weiss provided Sanyi Wine Trading with a warehouse solution to support the market entry of the Australian Bundaberg brand. Following Jebsen Group’s acquisition of Sanyi in 2022, the focus shifted to the premium beverage segment in Greater China. Since then, the collaboration with Gebrüder Weiss has evolved into a comprehensive logistics solution, currently handling over 2,700 orders annually – and growing.

    At the company’s 4,000-square-meter logistics facility in Shanghai, specialized professionals ensure seamless operations. The warehouse was recently certified at Security Level 3 for meeting high safety standards. Services include temperature- and humidity-controlled storage, order processing using the First-In-First-Out (FIFO) method, expiry date monitoring, labeling and packaging, as well as inventory management.

    “The beverage market in China is fast-paced and highly demanding. Our goal is to work closely with the Jebsen team to develop tailored solutions and respond flexibly to changing needs,” said Yongquan Chen, General Manager of Gebrüder Weiss China. Looking ahead, Gebrüder Weiss and Jebsen Group plan to further deepen their successful collaboration and expand their beverage portfolio.

    With extensive experience in beverage logistics in China, Gebrüder Weiss also operates a second logistics hub in Chengdu. There, the company supports leading Baijiu brands – China’s most well-known and best-selling spirit – with customized e-commerce and fulfillment solutions.

    About Gebrüder Weiss

    Gebrüder Weiss Holding AG, based in Lauterach, Austria, is a globally operative full-service logistics provider with about 8,600 employees at 180 company-owned locations. The company generated revenues of 2.71 billion euros in 2024. Its portfolio encompasses transport and logistics solutions, digital services, and supply chain management. The twin strengths of digital and physical competence enable Gebrüder Weiss to respond swiftly and flexibly to customers’ needs. The family-run organization – with a history going back more than half a millennium – has implemented a wide variety of environmental, economic, and social initiatives. Today, it is also considered a pioneer in sustainable business practices. www.gw-world.com

    MIL OSI – Submitted News –

    July 17, 2025
  • MIL-OSI Submissions: Trade – Premium Beverages from Around the World Make Their Mark in China with Gebrüder Weiss

    Source: Gebrüder Weiss

    From Australian Ginger Beer to Fiji Water, and Vita Coconut Water: Jebsen Group relies on Gebrüder Weiss’s logistics expertise for nationwide beverage distribution across China.

    Shanghai / Lauterach, July 17, 2025. The international transport and logistics company Gebrüder Weiss is driving the dynamic growth of Jebsen Group’s beverage business line in China through comprehensive warehousing and distribution solutions. 

    Headquartered in Hong Kong, Jebsen Group is a well-established trading company known for bringing international premium brands to Greater China and marketing them across the region. 

    Featured brands include renowned products such as Bundaberg Ginger Beer, Fiji Water, and Vita Coconut Water. From Shanghai, the brands are distributed nationwide to supermarkets, wholesalers, and e-commerce platforms.

    “Thanks to Gebrüder Weiss’s modern supply chain infrastructure and professional team, we’ve been able to significantly expand our market position,” said Gary Chan, Head of Supply Chain, Beverage at Jebsen. Customers include leading retailers such as Hema – the Alibaba-owned supermarket chain, as well as JD.com and numerous other retailers and wholesalers throughout China.

    The partnership dates back to 2017, when Gebrüder Weiss provided Sanyi Wine Trading with a warehouse solution to support the market entry of the Australian Bundaberg brand. Following Jebsen Group’s acquisition of Sanyi in 2022, the focus shifted to the premium beverage segment in Greater China. Since then, the collaboration with Gebrüder Weiss has evolved into a comprehensive logistics solution, currently handling over 2,700 orders annually – and growing.

    At the company’s 4,000-square-meter logistics facility in Shanghai, specialized professionals ensure seamless operations. The warehouse was recently certified at Security Level 3 for meeting high safety standards. Services include temperature- and humidity-controlled storage, order processing using the First-In-First-Out (FIFO) method, expiry date monitoring, labeling and packaging, as well as inventory management.

    “The beverage market in China is fast-paced and highly demanding. Our goal is to work closely with the Jebsen team to develop tailored solutions and respond flexibly to changing needs,” said Yongquan Chen, General Manager of Gebrüder Weiss China. Looking ahead, Gebrüder Weiss and Jebsen Group plan to further deepen their successful collaboration and expand their beverage portfolio.

    With extensive experience in beverage logistics in China, Gebrüder Weiss also operates a second logistics hub in Chengdu. There, the company supports leading Baijiu brands – China’s most well-known and best-selling spirit – with customized e-commerce and fulfillment solutions.

    About Gebrüder Weiss

    Gebrüder Weiss Holding AG, based in Lauterach, Austria, is a globally operative full-service logistics provider with about 8,600 employees at 180 company-owned locations. The company generated revenues of 2.71 billion euros in 2024. Its portfolio encompasses transport and logistics solutions, digital services, and supply chain management. The twin strengths of digital and physical competence enable Gebrüder Weiss to respond swiftly and flexibly to customers’ needs. The family-run organization – with a history going back more than half a millennium – has implemented a wide variety of environmental, economic, and social initiatives. Today, it is also considered a pioneer in sustainable business practices. www.gw-world.com

    MIL OSI – Submitted News –

    July 17, 2025
  • MIL-OSI Russia: China calls for strengthening trade and economic cooperation within the SCO

    Translation. Region: Russian Federal

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

    An important disclaimer is at the bottom of this article.

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

    BEIJING, July 17 (Xinhua) — Gao Yunlong, chairman of the China Association of Industry and Commerce, called for improving the quality and level of economic and trade cooperation within the Shanghai Cooperation Organization (SCO), speaking at the opening of the SCO Business Forum in Beijing on Thursday.

    Gao Yunlong, also vice chairman of the National Committee of the Chinese People’s Political Consultative Conference (CPPCC), noted that trade and economic cooperation is a powerful engine for the dynamic development of the SCO.

    According to him, China is ready to work with all parties to further align regional development strategies, promote the improvement of the quality and level of trade and economic cooperation, and ensure the stability and continuity of production chains and supply chains.

    Gao Yunlong stressed that these efforts will be aimed at building a closer SCO community with a shared future and promoting long-term peace and common prosperity throughout the world.

    The forum, organized by the China Council for the Promotion of International Trade, brought together about 400 government and business representatives from China and abroad. -0-

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

    .

    MIL OSI Russia News –

    July 17, 2025
  • MIL-OSI Submissions: Economy – India gains trade momentum amid tariff and global supply chain shakeup, says GlobalData

    Source: GlobalData

    In a rapidly evolving global trade landscape, India stands out with its competitive advantage stemming from relatively lower tariff rates compared to several key trading partners. With a tariff rate of 26%, as of July 2025, which might reduce to below 20% amid speculations of a trade deal with the US, India is positioned to leverage its trade potential, particularly in sectors such as chemicals, electrical machinery, pharmaceuticals, textiles and agricultural goods, says GlobalData, a leading data and analytics company.

    Ramnivas Mundada, Director of Economic Research and Companies at GlobalData, comments: “India’s tariff rate is relatively lower than other countries, including China (30%), Mexico (30%), and the EU (30%). This favorable environment not only presents a unique opportunity for Indian exporters to but also enhances the price competitiveness of Indian goods and encourages foreign investment, fostering innovation and growth. Against this backdrop, GlobalData forecasts an average growth rate of 6.5% from 2025 to 2027, positioning India to become the third-largest economy by 2027.”

    According to NITI Aayog, India can capitalize on 78 product categories (HS 4 codes) for exports to the US, accounting for 52% of its current exports. In the HS 2 code category, India enjoys lower tariffs than competitors in 22 of the top 30 products. This advantage arises from significant tariff hikes on goods from China, Canada, and Mexico. Although India faces slightly higher tariffs in six product categories, there remains a substantial growth potential, particularly in sectors like pharmaceuticals, textiles, and electrical machinery, enhancing India’s export competitiveness.

    Data from the Ministry of Commerce and Industry reveals that India’s exports to the US increased by 23.5% in June 2025 and by 22.2% from April to June 2025 compared to the same period last year. This growth has positioned the US as India’s largest trading partner for the quarter.

    Sector-wise opportunities

    India has a notable comparative advantage in the chemicals and pharmaceuticals sectors. With China facing increased tariffs, Indian exporters have a prime opportunity to capture the US chemical import market.

    India accounted for about 5% of the US apparel and clothing accessories imports in 2024, according to the ITC Trade Map. With new tariffs affecting Bangladesh, Cambodia, and Indonesia, Indian manufacturers have a significant opportunity. To achieve this, improvements in cost efficiency, lead times, and support for large-scale textile manufacturers will be essential.

    The tariff hikes on Asian countries create an opportunity for India to boost its agricultural exports to the US. With relatively lower tariffs, India can position itself as a viable alternative supplier of a range of products, including agricultural goods, livestock, processed foods, and scrap materials.

    Companies shifting operations to India

    In the first half of 2025, several multinational companies have begun shifting their manufacturing bases to India to capitalize on tariff advantages and reduce reliance on China. Notably, Apple rerouted 97% of Foxconn’s Indian iPhone exports to the US during March to May 2025, up from 50.3% in 2024, reflecting a strategic pivot amid US-China trade tensions. Similarly, in July 2025, Samsung Electronics announced plans to diversify smartphone production by moving some manufacturing from Vietnam to India.

    India’s trade competitiveness

    To capitalize on the evolving trade dynamics, India must extend Production-Linked Incentive schemes to labor-intensive sectors like leather and handicrafts, while rationalizing electricity tariffs to enhance competitiveness. Additionally, pursuing a services-centric trade agreement with the US is essential, focusing on IT, finance, and digital trade. Addressing non-tariff barriers in sectors like pharmaceuticals is also crucial for unlocking export potential.

    In June 2025, India urged the WTO to address non-tariff barriers impacting its merchandise exports, highlighting issues like opaque regulations and delays in dispute resolution that hinder competitiveness for Indian exporters, particularly MSMEs.

    Mundada concludes: “Even if India’s anticipated trade deal with the US falls short of expectations, the broader shifts in global tariffs present a strategic opportunity for India to reposition itself as a key export partner. With its resilience and sectoral strengths, India is well-equipped to diversify its export base. By implementing supportive trade and industrial policies, India can transform global tariff challenges into significant economic advantages. As the world navigates these changing trade landscapes, India’s potential as a competitive exporter remains bright, promising growth and resilience in the face of adversity.”

    MIL OSI – Submitted News –

    July 17, 2025
  • MIL-OSI China: Third China International Supply Chain Expo opens in Beijing

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

    The third China International Supply Chain Expo (CISCE) opened in Beijing on Wednesday, bringing together 651 companies and organizations from 75 countries, regions and international organizations.

    The expo, themed “Connecting the World, Creating the Future,” aims to showcase new technologies, products and services across various supply chain sectors while promoting global cooperation.

    Hosted by the China Council for the Promotion of International Trade (CCPIT), CISCE is the world’s first national-level expo dedicated solely to supply chains. The event provides a platform to promote synergy across upstream and downstream sectors and integration among businesses of all sizes.

    This year’s expo features six key industrial chains and one exhibition area: advanced manufacturing chain, smart vehicle chain, green agriculture chain, clean energy chain, digital technology chain, healthy life chain, alongside a dedicated supply chain services exhibition area.

    CCPIT Chairman Ren Hongbin emphasized the expo’s role as a platform for China’s high-standard opening up. He urged collective efforts to safeguard multilateralism and build a more interconnected future.

    John Denton, secretary-general of the International Chamber of Commerce, cited an old Chinese proverb to underscore the importance of reviving collaborative efforts for mutual prosperity. He warned of severe disruption to the global trade system if current tensions escalate. “This event is much more than an expo,” Denton said. “It is a forest of connections between economies, industries and people.”

    U.S. tech giant Nvidia, a new exhibitor this year, was represented by founder and CEO Jensen Huang. In his opening address, Huang praised China’s rapid advancements in artificial intelligence, describing the Chinese market as both “large” and “dynamic.” He affirmed Nvidia’s commitment to collaborating with partners to create a prosperous future in the AI era.

    The expo is expected to generate significant cooperation. Organizers said 170 international delegations will visit for discussions and business negotiations, a 120% increase from the previous session.

    MIL OSI China News –

    July 17, 2025
  • MIL-OSI China: China calls for strengthening SCO economic, trade cooperation

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

    BEIJING, July 17 — Gao Yunlong, chairman of the All-China Federation of Industry and Commerce, called for bolstering economic and trade cooperation within the Shanghai Cooperation Organization (SCO) when speaking at the opening of the SCO business forum in Beijing on Thursday.

    Economic and trade cooperation is a powerful engine driving the SCO’s dynamic development, said Gao, also vice chairman of the National Committee of the Chinese People’s Political Consultative Conference.

    Gao said China is ready to work with other parties to further align regional development strategies, enhance the quality and level of SCO economic and trade cooperation, and ensure the stability and efficiency of industrial and supply chains.

    He stressed that these efforts will promote the building of an SCO community with a shared future and contribute to lasting global peace and shared prosperity.

    Hosted by the China Council for the Promotion of International Trade, the forum attracted nearly 400 participants from government institutions and the business community both at home and abroad.

    MIL OSI China News –

    July 17, 2025
  • MIL-OSI USA: Senate Passes Legislation to Rescind Wasteful Federal Spending

    US Senate News:

    Source: United States Senator Kevin Cramer (R-ND)

    WASHINGTON, D.C. – By a vote of 51 to 48 the United States Senate advanced the Rescissions Act of 2025 to rescind $9 billion in unnecessary, wasteful federal funds. The bill, which passed the House of Representatives in June by a vote of 214 to 212, will now return to the House for final consideration.

    The Rescissions Act of 2025 formalizes $9 billion in requested cuts made by the Trump administration. The bill contains 20 targeted rescissions of unobligated balances. Under the Impoundment Control Act, Congress must address the administration’s requested cuts within a 45-day window, or the funding remains in federal coffers. The bill must be sent to President Trump’s desk by Friday.

    U.S. Senator Kevin Cramer (R-ND), a member of the Senate DOGE Caucus, issued the following statement after voting in favor of the rescissions package:

    “After four years of reckless spending by the Biden administration, President Trump is right to request this cut in wasteful spending and Congress was right to pass it. This bill reclaims taxpayer dollars for hardworking North Dakotans and Americans, but this is only the beginning. Congress and the administration have a lot more work to do to restore accountability and fiscal sanity to Washington.”

    This rescissions package cuts funding for the Corporation for Public Broadcasting (CPB), which funds National Public Radio (NPR) and Public Broadcasting Service (PBS). The Trump administration’s request described the funds as being used to “subsidize a public media system that is politically biased and an unnecessary expense to the taxpayer.”

    While the CPB is legally mandated to be nonpolitical and unbiased, it has funded content celebrating irrevocable ‘gender transitions’ in minors, segments framing healthy eating and doorway sizes as forms of “fatphobia,” and children’s programming featuring drag queens. NPR has published stories on “genderqueer dinosaur enthusiasts,” “nonbinary deer,” and “hermaphrodite banana slugs,” while dismissing the Hunter Biden laptop scandal and pushing the discredited Russia-collusion narrative. In April 2024, Cramer led several of his colleagues in a letter to NPR CEO Katherine Maher, highlighting deep concerns regarding the network’s national leadership and calling for the enforcement of journalistic standards Americans deserve.

    Importantly, these cuts do not impact emergency broadcast capabilities. North Dakota radio stations continue to provide critical emergency services, and all for-profit broadcasters are required by the FCC to maintain an Emergency Alert System (EAS) and typically employ their own meteorologists. FEMA’s Integrated Public Alert & Warning System (IPAWS), and the Next Generation Warning System Grant Program (NGWS) also remain fully funded.

    These rescissions also eliminate funding in foreign-aid accounts antithetical to American interests and outside the scope of Congressional intent.  Taxpayer dollars have been allocated to projects such as promoting veganism in Zambia, funding pride parades in Lesotho, wind farms in Ukraine, DEIA contractors in Belarus, and gender diversity in Mexican street lighting. Other rescinded accounts supported “sedentary migrant” outreach in Colombia, reproductive health climate curricula, and social media mentorship in Eastern Europe—all at the expense of the American taxpayer. At the same time, the Senate bill provides guardrails to protect core Global Health Program funding —PEPFAR, tuberculosis, malaria, maternal and child health, and nutrition. It also protects the Countering PRC Influence Fund and reaffirms commitment to aid in the Middle East.

    MIL OSI USA News –

    July 17, 2025
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