🟣 In the third quarter, Luminor reported growth in lending to our private customers, improved loan book quality, and reduced expenses, while maintaining strong liquidity and capital positions. In Retail Banking, we made enhancements to customer offering which led to growth in lending. Corporate Banking saw continued demand for investment in the renewable energy sector albeit overall demand for new credit was subdued. We continued to promote financing to SMEs facilitated by the European Investment Bank with one of the aims to support the green transition of the Baltic economies. Luminor is here to improve the financial health of our customers and our home countries of Estonia, Latvia, and Lithuania and to support their growth. Read more here 👉 https://lnkd.in/dMg7VbH2
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Discover how Pend bridges physical assets and digital ownership—invest in date palms, solar panels, and beyond. Read ro know more about pend investment opportunities : https://lnkd.in/dDzDcnG4 🌍
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🔝 Creditreform Rating upgrades Luminor’s Long-Term Issuer Rating The long-term issuer rating was raised by one notch to A+. The rating outlook is stable. Creditreform Rating also upgrades Luminor’s Preferred Senior Unsecured Debt to A+. 🔎 The following key rating drivers were of specific relevance for the rating assessment: 🔹New interest rate environment translates to rapid earnings increase 🔹Temporary bank taxes across the Baltic weighing on earnings potential 🔹Solid asset quality, marked by low NPL and relatively high RWA ratios 🔹Excellent capitalization 🔹Rating limited by exposure in Lithuania (A+/stable) Rating Report: https://lnkd.in/dPacNTqW Luminor Group #Creditreform #Rating #Luminor #Finance
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**** Austria, Lithuania and Spain act and choose the European Hydrogen Bank to launch their renewable hydrogen projects faster**** The European Commission announced yesterday that these 3️⃣ member states will participate in the ‘Auctions-as-a-Service' as part of the second European Hydrogen Bank (EHB) auction. This move marks a significant step towards putting in place the necessary funding for #renewablehydrogen made in #Europe with #electrolyser technologies made in Europe. Other Member States should now do the same. Here is why: ✅ SPEED: EHB's prequalification and signature of grant agreements is quick. Member States save time and their industry can develop faster since countries do not design their own scheme, which may take a long time to design, adopt and implement. ✅SIMPLICITY: EHB is a simple scheme, designed in consultation with industry. Member States do not need to invest resources or personnel to design their own scheme. National #hydrogen projects only apply to one single scheme, EHB. ✅SCALE: As an all-in-one support scheme, EHB covers all project costs (capital + operational costs), brings suppliers and offtakers together and applies the same rules across the whole European single market (instead of a patchwork of different schemes). This helps maximise the impact at national level and at an EU level. We urge Member States to follow this example and use the EHB Auction as a Service to scale renewable hydrogen production in Europe. Now is the time for action! Read the full Commission press release below ⬇ #CleanEnergy #EUH2Week2024 #HydrogenEconomy #Sustainability
Building EU-wide auctions for the production of renewable hydrogen under the EU Innovation Fund. Areas of expertise: Energy Markets, Industry Decarbonisation, Green finance, Auctions.
We are happy to announce that Austria, Lithuania and Spain will be participating with jointly up to EUR 836million of additional national funds in the H2 Bank Auction under our "Auctions-as-a-Service" scheme. Press release out today: https://lnkd.in/eR3nXqKi
Joint press release by the Commission, Spain, Lithuania and Austria on the European Hydrogen Bank's ‘Auctions-as-a-Service' scheme, increasing the funding for clean investments
ec.europa.eu
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It is great to see that #EU countries are coming together to develop #hydrogen projects. Using a common #EU-wide support scheme will make it easier for #renewable #hydrogen projects to apply, and it will enable Member States to quickly compare and evaluate project applications.
Building EU-wide auctions for the production of renewable hydrogen under the EU Innovation Fund. Areas of expertise: Energy Markets, Industry Decarbonisation, Green finance, Auctions.
We are happy to announce that Austria, Lithuania and Spain will be participating with jointly up to EUR 836million of additional national funds in the H2 Bank Auction under our "Auctions-as-a-Service" scheme. Press release out today: https://lnkd.in/eR3nXqKi
Joint press release by the Commission, Spain, Lithuania and Austria on the European Hydrogen Bank's ‘Auctions-as-a-Service' scheme, increasing the funding for clean investments
ec.europa.eu
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We are seeing a lot of investor interest in the Polish BESS market, including debt transactions. Join my colleagues in Warsaw for this event discussing how we expect the BESS debt market to develop in Poland Hugo Coetzee, Piotr Ciolkowski Piotr Prawda Michal Mezykowski #energystorage #batterystorage
📣 Join us on 27 March for a breakfast meeting to discuss the perspectives on debt financing of the battery energy storage system in Poland. We offer an insightful discussion on the evolving energy and finance markets and the integration of sustainable practices that are crucial for the further development of this sector. On the agenda: · overview of power storage revenue streams, · interview with an investor: current market conditions – challenges and opportunities, · panel discussion: key overview of battery energy storage financing. Save the date and meet with our experts Michal Mezykowski, Piotr Ciolkowski and Piotr Prawda from CMS Poland and Hugo Coetzee from CMS Cameron McKenna. 📆 27 March | 🕤 8:30 am – 12:30 pm 📍 CMS, Varso Tower, 42nd floor, Warsaw RSVP by 22 March 👉 agnieszka.bednarska@cms-cmno.com #CMSPoland #CMSlaw #battery #energystorage #debt #financing #banking #energy #infrastructure
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Everyone wants to Subscribe to Waaree IPO, but here are some downsides, too. -Dependence on U.S. Market: Almost all of Waaree's exports go to the U.S. A drop in demand or policy changes could hurt its sales. -Material Price Fluctuations: The cost of solar modules and critical materials can rise or fall quickly, impacting profits. -Policy Changes: Waaree relies on government support for solar energy. Any cuts or changes in policies could increase costs or slow growth. -High Competition: The solar industry is very competitive, which could lower Waaree’s profits as they may need to reduce prices. -Legal Issues: Waaree is involved in several legal cases, and any adverse outcomes could harm its business and reputation. I'll definitely consider the risks like U.S. market dependence, material price swings, and legal challenges before investing in Waaree's IPO. However, with its growth potential and strong market position, this is a solid long-term opportunity. Follow Ramavath Manikanth for more insightful
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A multidisciplinary team from Hogan Lovells, led by Partner Dr Dietmar Helms and Counsel Sebastian Oebels, has advised Enpal B.V. on the first ever European public securitization of solar loan receivables. This transaction also marks the first German securitization with a tranche (Class A1 notes) directly backed by a guarantee from the European Investment Fund (EIF), showcasing Enpal's commitment to green energy financing. The transaction involves a EUR 240 million portfolio of receivables derived from solar instalment purchase agreements. Significantly, the deal adheres to the ICMA Green Bond Principles and has been verified by an independent second-party opinion, making it one of the select few green securitizations in the market. Furthermore, the European Investment Bank (EIB) made a direct investment in the Class A2 notes, emphasizing the project's role in promoting sustainable finance. Read more: https://rebrand.ly/96heaal #Solar #SustainableFinance #EnergyTransition #GreenFinance
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A multidisciplinary team from Hogan Lovells, led by Partner Dr Dietmar Helms and Counsel Sebastian Oebels, has advised Enpal B.V. on the first ever European public securitization of solar loan receivables. This transaction also marks the first German securitization with a tranche (Class A1 notes) directly backed by a guarantee from the European Investment Fund (EIF), showcasing Enpal's commitment to green energy financing. The transaction involves a EUR 240 million portfolio of receivables derived from solar instalment purchase agreements. Significantly, the deal adheres to the ICMA Green Bond Principles and has been verified by an independent second-party opinion, making it one of the select few green securitizations in the market. Furthermore, the European Investment Bank (EIB) made a direct investment in the Class A2 notes, emphasizing the project's role in promoting sustainable finance. Read more: https://rebrand.ly/96heaal #Solar #SustainableFinance #EnergyTransition #GreenFinance
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Alsons Consolidated Resources Inc. (ACR), the listed company of the Alcantara Group reported a steady growth for the third quarter of 2024, with net income reaching P1.88 billion—a 6% increase compared to P1.77 billion in the same period last year, and a significant rise compared to the P1.06 billion in net income generated in the first half of the year. #renewableenergy #reit #retail #informationtechnology #manufacturing #insurance #banking #bonds #stockmarket #stocks #realestate #finance #Business #Corporate #Corporation #Entrepreneur #Philippines #Financial #PersonalFinance #AI #GoNegosyo #Invest #Investment #investingtips
Alsons Reported P1.88 Billion Net Income in 3Q 2024, Up 6%
itechsolutionph.com
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A multidisciplinary team from Hogan Lovells, led by Partner Dr Dietmar Helms and Counsel Sebastian Oebels, has advised Enpal B.V. on the first ever European public securitization of solar loan receivables. This transaction also marks the first German securitization with a tranche (Class A1 notes) directly backed by a guarantee from the European Investment Fund (EIF), showcasing Enpal's commitment to green energy financing. The transaction involves a EUR 240 million portfolio of receivables derived from solar instalment purchase agreements. Significantly, the deal adheres to the ICMA Green Bond Principles and has been verified by an independent second-party opinion, making it one of the select few green securitizations in the market. Furthermore, the European Investment Bank (EIB) made a direct investment in the Class A2 notes, emphasizing the project's role in promoting sustainable finance. The Luxembourg team consisted of Ariane Mehrshahi Marks, Agnes Merz, Carla V., Martina B. (capital markets), Gerard Neiens, Jean-Philippe Monmousseau, and Michèle Ake (tax). Read more: https://rebrand.ly/96heaal #Solar #SustainableFinance #EnergyTransition #GreenFinance #Luxembourg
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