Baltic lender Swedbank plans to raise SEK15bn (US$2bn) through its second rights issue in eight months.
News
Mashreq has appointed John Iossifidis as the new executive vice-president and head of international banking. He will be responsible for developing Mashreq's business across the Middle East and North Africa.
Nigeria’s central bank has sacked the heads of five of the country’s banks after an investigation revealed that poor corporate governance practices and risk management had led one into insolvency and the other four to the brink.
Ukrainian state-owned Ukreximbank became the first Ukrainian bank to issue new debt since the credit crunch began, when it raised a US$135mn two-year deal in July.
Abu Dhabi Investment House (ADIH), in partnership with Al Hilal Bank, announced the successful closing of its shariah-compliant US$100mn Al Wataniya Fund with the objective to finance a development within Abu Dhabi's commercial sector.
IFC, a member of the World Bank, will invest in Sasfin to enable the financial services group to increase lending to South Africa’s small and medium enterprises, which often struggle to obtain funds from large commercial banks.
Genesis Capital, a private equity firm focusing on mid-market investments in the Czech Republic and Slovakia, has completed the first closing of Genesis Private Equity Fund II (GPEF II) at the size of €40mn. The target size of the fund is €60mn.
Gama Energy, a joint venture between Gama Holding and General Electric Energy Financial Services, is investing US$1bn in a project that would help Jordan solve its water problems.
Two historic Polish shipyards sold in June went to Qatari fund Qinvest, Poland’s treasury minister, Aleksander Grad, told reporters on June 30 in Warsaw.
Standard Chartered announced its full acquisition of the remaining shareholding in First Africa Group, a leading pan-African M&A advisory firm.
BTA Bank has appointed Lovells to advise the bank on asset recovery. BTA was nationalised in February and at the end of June it announced that its losses under loans issued by former bank’s managers to its affiliates, including financing foreign projects, amounted to KZT1.413bn (US$9.4mn) in 2008.
At the third annual London Sukuk Summit, Mohammad Tariq, treasurer of the Islamic Development Bank, announced that IDB selected lead managers to arrange its US$500mn sukuk.