Citi announced a US$6 million loan to the fintech Sempli to finance SMEs

ECiti Bank granted financing for a loan for US$6 million equivalent in local currency for the fintech Sempli, which is dedicated to providing working capital financing to micro, small and medium-sized businesses (SMEs) in Colombia. This is the first financing that Sempli receives from an international commercial bank, from which, 40% of the resources will […]

After acquiring a majority stake in Metito… Alpha Dhabi shares rise 0.5%

Mohamed Shaker – Mubasher: The shares of Alpha Dhabi Holding, listed on the Abu Dhabi Securities Market, rose during Monday’s trading, coinciding with its acquisition of a majority stake in Metito Holding Company Limited, which operates in the field of water and wastewater treatment. During today’s trading, by 10:52 AM UAE time, the stock rose […]

The UAE Central Bank keeps the base rate at 5.4%

Live: The Central Bank of the United Arab Emirates decided to keep the “base rate” on overnight deposit facilities unchanged at 5.40%, starting tomorrow, Thursday, September 21, 2023. This decision comes after the Federal Reserve announced that it would keep the interest rate on reserve balances unchanged at its meeting held today. The Central Bank […]

Get ready for the holidays and buy your Christmas gifts with easy credit

The holiday season is getting closer and closer, which has meant that the Christmas decoration business is already underway and people are preparing for the expenses of the month of December. According to records from the Bogotá Chamber of Commerce, 814 formal establishments dedicated to the sale of decorations are in “Christmas mode” in cities […]

The biggest challenge for traditional banks

Digital banks are banking institutions that provide traditional banking services, starting from opening accounts, depositing funds, and transferring funds, all the way to all forms of lending, but this is done entirely online without the need for physical branches. This model relies entirely on modern technology and digital innovation to provide easy and fast services […]

PTAC calls on banks to be responsive in reducing Euribor rates and not applying commissions

The Consumer Rights Protection Center (PTAC) calls on banks to take more active measures to mitigate the consequences of the Euribor increase, and also encourages consumers to contact credit institutions. Content will continue after the ad Advertising Previously, Euribor rates were negative, but in the last year, Euribor has increased significantly, thus significantly increasing the […]

Anthony Sage, a veteran of the leveraged finance industry, joins Termgrid

LONDON AND NEW YORK, March 21, 2021 /PRNewswire/ — Leads the company’s expansion into banks and credit funds Termgrid, the private capital markets software platform, today announced that Anthony Sage has joined as global head of private credit and banking coverage. Anthony brings over 30 years of industry experience in leveraged finance, sponsor finance and […]