UniCredit has sold €17.7bn of bad loans to US investment funds Fortress and Pimco, as Italian banks continue their balance sheet clean-up efforts following the country’s profound recession.

IBA has finally received investor approval to restructure US$3.3bn of debt after months of wrangling.

Russia’s PIK Group has plans to ramp up capital markets activity in the coming years, as the firm announces a consolidation of its shareholder structure with company president Sergei Gordeev buying out two minority holders.

Better times ahead

KfW IPEX-Bank’s renewable energy bet in the GCC

Development banks boost Armenian banking sector

World Bank Group’s Rachel Kyte on climate change.

After 12 days of intense debate world leaders succeeded in agreeing a new accord to tackle climate change.

Moves and hires at EBRD, Bolero and more.

Ukraine strikes debt restructuring deal

Letshego ease into West Africa economy.

QNB buys Turkey’s Finansbank.