A&O Shearman Slovakia’s Post

📊 We spotted an interesting trend in our data: a surge of interest from #Singapore cross-border customers in Malaysian real estate, leading to a notable increase in #mortgages with #Malaysian banks. 🏠🌟 Reserve your spot now: https://lnkd.in/g8-HEp9E Want to leverage these insights for your organization? Join us at RFI Global in #KualaLumpur from June 24 to 28. Seats are limited—secure yours today! 🌐🎉 #RealEstate #Finance #RFIGlobal #Networking #BusinessInsights

Send Money Worldwide Experience secure and reliable remittance services with Al Ghurair Exchange. Your funds reach their destinatio quicky and safely, no matter where in the world Secure Transactions. #remittance #moneytransfer #globaltransfer #moneyexchange

Exciting news! BankPozitif has joined us as a Diamond Sponsor for the 15th Turkish-Arab Economic Forum! As Turkey's leading digital bank, offering innovative consumer loans entirely online, BankPozitif is transforming the financial landscape. We're proud to have them on board as we drive economic growth and innovation together. For more event information and registration inquiries, visit our website https://lnkd.in/ezU-neTP BankPozitif #TAEF2024 #PartnersInProsperity #TAF15 #TURKIYE #Arab #economy #finance #banking Derya Gorgu Murat Efe Ilknur Bayraktar Revah Taghreed Ghoussainy

🔔 Ad-hoc Update: RBI Signs Agreement on the Sale of Belarusian Priorbank JSC to Soven 1 Holding Limited After a challenging process we are proud and happy that the signing of the sale is over the finish line. See below the ad-hoc notice. In summary: 📅 Raiffeisen Bank International AG (RBI) has inked a deal to divest its 87.74% stake in Priorbank JSC, marking a pivotal step in its de-risking strategy. 📉 Exiting the Belarusian market through this sale will streamline operations and advance RBI's strategic goals. ⚖️ We have advised on this transaction from the very beginning. Special Kudos to our M&A team and International Desk: Dominik Kurzmann, Lukas Roeper, Victoria Fischl, Michael Fischer, Michael Binder, Verena Heffermann, Florian Neuner #RBI #FinanceUpdate #MergersAndAcquisitions #StrategicExit #BankingNews #EasternEurope #DeRisking https://lnkd.in/ddizdSf2

Results & expectations 72 percent of OTP Group's consolidated profit after tax of EUR 1.27 billion in the first half of the year came from group members outside Hungary. For the first time, the full first-half results include the performance of the Slovenian NKBM and the Uzbek Ipoteka, acquired last year, said Laszlo Bencsik, OTP Bank's Deputy CEO. In addition to the good profit result, he emphasised that another positive aspect is that lending activity has accelerated in several countries, with an increase in loan demand, which in Hungary is clearly linked to retail loans. First half 2024 results of OTP Group: https://lnkd.in/dcRYBUfE

I wrote about my unique experiences from the FCI African Export-Import Bank (Afreximbank) conference and the untapped opportunities that can be utilised from my learnings. Let me know your thoughts Louis Neal@SepWilliamVijay Anand RamanujamDavidNassourouJamesAysenFrederickPhibeonHumphrey N.

Had a privilege to meet with one of Mama Bank's Managers and found some of their great Loan products offered. Their Investments rate for IBD is great comparing with other commercial banks. Finished @ 930hrs. Another master's call of Duty with Kina Bank. Doing little i can to serve. "Deployment doesn't entangle your motivations" MORELU #kussyhirecars #morelubusinessconsultancy #kinabank #mamabank #loanproducts #smeloans #smebusiness #business #hirecars #consultations

The management of Spanish bank Santander, which is among the five largest banks in #Europe and is one of the leaders in terms of assets in the world, announced plans to enter the banking market of #Uzbekistan. According to the bank's regional manager, the total assets of the bank amounted to €1.8 trillion at the end of 2023. It was noted that for the last two years, the bank has also been a leader in Europe in terms of the number of deals concluded in the field of export-import operations. Along with this, the Spanish side expressed the readiness of the bank to allocate credit funds worth $500 million to finance promising investment projects planned for realization in Uzbekistan. Santander's net profit in July-September (Q3 only) grew by 20% year-on-year to €2.9 bln. Revenue increased by 10% to €14.9 bln. The volume of customer deposits for the quarter increased by 2.1% to €1.03 trillion.

Uzbekistan’s state-owned banks have made some tangible progress in shifting towards more commercially-driven business models since the publication of a comprehensive banking sector reform strategy in May 2020. However, further improvements may take longer due to the sector’s deep-seated structural weaknesses and new risks. The key pillar of the reforms is the privatisation of most state-owned banks following a business-model change to move away from directed lending and to develop commercial operations. The authorities have sold the controlling stake at Ipoteka Bank but the deadlines for selling two other large banks, Uzbek Industrial and Construction Bank, and Asakabank, were recently postponed to end-2024 and end-2025, respectively, and we think further delays are likely. The two banks are still working on their business-model transformation, and remain significantly reliant on low-margin corporate lending, despite efforts to diversify. #uzbekistan Analysis by Pavel Kaptel and Dmitry Vasilyev LEARN MORE: https://lnkd.in/e6_JBXsD

"Uzbek Industrial and Construction Bank" JSCB Secures Landmark Trade Loan Through Syndicated Deal with Deutsche Bank We are thrilled to announce the successful completion of a syndicated trade loan in the amount of EUR 165 million with Deutsche Bank! This landmark deal involved introducing new investor banks to the transaction, further solidifying SQB's position in the market. The secured funds will be strategically allocated to support and empower corporate and SME businesses in Uzbekistan. This not only fosters economic growth but also reinforces our commitment to being a reliable partner for our clients. This transaction represents one of the largest deals of 2024 for SQB Bank, and we see even greater opportunities on the horizon. We look forward to leveraging our strong partnerships and expertise to continue providing innovative financial solutions for businesses across Uzbekistan. #SQBBank #TradeFinance #SyndicatedLoan #EconomicGrowth #SupportingBusinesses #Uzbekistan #DB