DIFC’s Post

Today, @BNP Paribas has reported its results for the first quarter of 2024. The group’s good performance is further evidence of the strength of its diversified and integrated model which enables us to provide clients with powerful, end-to-end solutions, and respond to their needs in a coordinated manner. @BNP Paribas Securities Services contributed to the group’s solid results by delivering very good business drive across regions and client segments, with revenue up 6.8% versus Q1 2023 to EUR 699 million. Assets under custody have reached EUR 13.4 trillion (+11.8%), reinforcing our unique position as the only European player among the world’s top 5 global custodians. We are fully committed to continue supporting our clients in navigating an increasingly fast-paced market environment and support their sustainable strategies. I would like to thank our valued clients for their continuing trust and partnership, as well as our teams across the world for their dedication and professionalism #BNPPResults

🏦 Breaking News: BNG Bank is in the Top 3 World’s Safest Banks 2023 according to Global Finance Magazine! In the tumultuous financial landscape of 2023, where stability is paramount, BNG Bank has secured its position among the top-ranking banks globally. 🥇 Global Top 3: BNG Bank claims the prestigious third spot, reaffirming its AAA rating from Fitch, Moody's, and S&P. 📈 Steadfast Growth: Despite economic challenges, BNG Bank's resilience is evident in its sustained profitability and robust financial performance. 🌐 Regional Leadership: Not just a global player, BNG Bank leads in the Netherlands, reflecting its integral role in the nation's financial stability. 🔗 Link: https://lnkd.in/eF4WeSQC We are very happy for BNG Bank success! BNG is supported and powered by Fyndoo’s Credit Risk Engines 💪 #BNGBank #GlobalFinance #FinancialStability #AAA #TopRanking #BankingExcellence

What an amazing BAFT Europe 2024 conference! Thanks to the BAFT for their impeccable organization and to my fellow panelists Marc Recker, Amit Hathiramani and Patrik Havander for the vivid and thoughtful exchanges.   On our panel about “the future of cross-border payments and the G20 roadmap”, I had the opportunity to discuss the ongoing ISO 20022 migration for Correspondent Banking Payments and cash management Reporting messages as well as the different emerging solutions such as payment systems interlinking, Swift Go or One Leg Out schemes, that will help our payment industry to get closer to the four G20 targets in terms of speed, cost, access and transparency. Without forgetting what I call “the 5th element”, security under all its forms (fraud prevention, AML, cybersecurity, resilience, …), as our payment industry is first and foremost based on trust.   ISO 2022 rate of adoption is moderate but will keep increasing as other important infrastructures (CHIPS, CHATS, FEDWIRE, …) will be leading the way in the months to come. Rome was not built in one day. Major industry projects such as the ISO 20022 migration need a gradual ramping-up as investments are huge and necessitate the onboarding of the full ecosystem, starting from corporates and editors, in order to be efficient. It is of utmost importance to keep in mind the November 2025 migration deadline as ISO 20022 will help us to enhance interoperability between different solutions thanks to harmonized standards and usage rules, as well as to better our payment chains to offer worldwide frictionless payments.   As regards emerging payment solutions, having multiple alternatives is good but we might wonder if too many solutions would not be in the end detrimental to cross-border payments efficiencies, carrying in them further risks of fragmentation, liquidity traps and renewed frictions. The cross-border payment ecosystem will have to choose wisely where it wants to play its bets. The coming years definitely promise to be exciting for our industry!   #BAFT #BIS

Our 2023 results demonstrate strong revenue growth and significant net asset inflows for BNP Paribas Wealth Management across all geographical regions. These results were driven by #retail and #corporate synergies with the Group’s commercial banking division resulting in strong inflows. Furthermore, our net inflows on assets under management increased by 5.0% in 2023. In 2024, we will continue to consolidate our positioning as a first-tier provider of financial savings in Europe, and we will also accelerate our #digitalisation to enhance our client experience. Additionally, we will expand our #WealthManagement positioning among #Entrepreneurs and #Families, strengthening our clients' access to the diverse capabilities across the BNP Paribas Group, particularly our #GlobalMarkets, #PrivateAssets activities. I would like to thank our clients for their trust in us, and to our dedicated teams who consistently promote our BNP Paribas' #OneBank approach. #BNPPResults https://bnpp.lk/4Q23

Congratulations to William Weaver, Iman Abdel Khalek, David Bailey, Vincenzo Botta, Paul-Emmanuel Micolet, Tommaso Ponselé, Colm Rainey and Ebba Wexler of Citi for being recognised as a leader across #bondmarkets and winning CMDportal’s Best Yankee, Best SSA MTN Private Placement, Best Emerging Market, Best Frontier Markets and Best Middle East Bond Market Dealer Awards. Winning these 5 awards highlights Citi's diverse and global bond underwriting and placement abilities across multiple markets and regions. Citi had strong underwriting and placement abilities across all five of these award categories, successfully growing their volume year-over-year. Their underwriting was also significantly diverse by currency, borrower, industry sector and region, highlighting Citi’s truly global reach as a top bond placement and underwriting house. Click on the link to read the full Award Statement reasoning.   https://lnkd.in/g_NAx4_Q   #capitalmarkets #corporatefinance #fixedincome #debtcapitalmarkets #investmentbanking #bondmarkets #CEEMEA #ssa #YankeeBond  

🌟 OTP Bank Successfully Issues Bonds Again 🌟 ❕ At this time the bank issued a total of €700 million in green bonds with a 4-year maturity, redeemable after 3 years, at a narrower spread than its previous bond issuances, with just 180 basis points above midswap. 👍 The issuance received extremely positive feedback, with nearly double the subscriptions for the final amount of €700 million. This shows a high level of investor interest in OTP Bank's green bonds. With a total of 7 issuances to date, OTP Bank remains the largest independent regional bond issuer. The lead arrangers for the issuance program were: BNP Paribas, Goldman Sachs, Erste Group, OTP Global Markets, and UniCredit. We are proud to support sustainable development and green investments.💚 #otpbank #bonds #greenbonds

Terrific progress by Lloyds Bank Corporate & Institutional on both origination (DNI Initiative) and distribution (TFD Initiative) fronts - the two strategic initiatives under ITFA #Fintech Committee supporting a fully digital originate-and-distribute model, and opening up the asset class to institutional investors. ‘I am thrilled to welcome Lloyds Bank as sponsor of the 2024 Investor Day,’ said André Casterman, CEO of the TFDi and Board Member at ITFA. ‘I am impressed with the start-up mindset demonstrated by the trade team at Lloyds Bank. The multiple digital transactions delivered by the team over the last 18 months, and the openness to apply new technologies have been elevating Lloyds Bank as a role model on the implementation of the ETD Act.’ Gwynne Master, Managing Director, Lending & Working Capital at Lloyds Bank said, ‘The time has finally arrived to expand, standardise, and promote distribution of trade as an asset class under the International Trade and Forfaiting Association's Trade Finance Distribution Initiative, and we are delighted to sponsor its Trade Finance Investor Day.’ The 2024 Trade Finance Investor Day promises to bring together industry leaders, innovators, and policymakers to discuss the future of trade finance. Lloyds Bank’s sponsorship and participation in the event underscore the bank’s commitment to supporting and leading innovation in the trade finance industry. Jon Boran Surath Sengupta Rogier van Lammeren Cláudia Márcia dos Santos

#WeeklyNews Here are our top 4 news of the week: 1️⃣ BNP Paribas buys another group's stake for millions. 💰 2️⃣ A new regulation for instant transfers. ↗ 3️⃣ The global growth forecast by International Monetary Fund 📈 4️⃣ A new strategic plan implemnted by Societe Generale Equipment Finance - SGEF 🏦 Share with us your news of the week in the comments! 😉 #news #banking #payment #globalgrowth #transfers #France #Morocco

Wrapping up a fantastic few days at EuroFinance with Peter C. Manoj Dugar JARED SMITH Irene Zeng and Cara Savas as well as GPS Europe Country Heads and colleagues in Trade and Asset Management. If only it was possible for the entire GPS Client Management Team to be a fly on the wall in meetings with clients where the importance of getting implementation, integration and service right was front and centre in every discussion. The role of our team is so important. So it’s no surprise why we are laser focused on improving client experience and I’m pleased our clients see the impact of the changes we’ve made and are eagerly waiting for what’s next. #EuroFinance #HSBC #Payments #GPS #Treasury #International #Nextgeneration

We are proud to announce our participation in the prestigious Governance Academy program, organized by the Global Alliance for Banking on Values (GABV) in the current 2023. This transformative program was undertaken to elevate the governance practices of participating banks in: United States, Palestine, Spain, Canada and Puerto Rico. The six-month Governance Academy program was a crucial opportunity for Areti Bank to strengthen its governance framework and commitment to sustainable and ethical banking practices. The culmination of the program was an impactful face-to-face session held during the Annual Meeting of the Global Alliance for Banking on Values, which took place in New York. The Global Alliance for banking on values is an organization that brings together financial institutions with values and a shared mission to generate positive results for the environment and society. #AretiBank #VirtueInBanking #GovernanceAcademy #GovernanceAcademy2023 #GlobalAllianceForBankingOnValues #GABV #BancaConValores #Bancos BasadosEnValores #BancaConPropósito #BancaDigital #DigitalBanking