Latest news with #SMBCGroup
Zawya
19-05-2025
- Business
- Zawya
Gulf International Bank closes debut $500mln financing facility
Bahrain - Gulf International Bank (GIB) has successfully closed its debut $500 million syndicated murabaha financing facility, marking the bank's first Islamic syndicated transaction in the international market. The three-year Sharia-compliant facility was well oversubscribed, driven by strong demand from a broad mix of leading regional and international banks. The successful completion of the facility underscores GIB's sound financial position in the market. The strong interest garnered by the facility has enabled GIB to further diversify its funding base and facilitate the Bank's continued business growth across its core markets and key business lines. GIB chief executive Sara Abdulhadi said, 'We are proud to have successfully closed GIB's inaugural syndicated murabaha facility, marking a key milestone in the ongoing diversification of our funding strategy. The strong response and oversubscription from such a diverse group of regional and international banks reflects tremendous market confidence in GIB's position as a leading pan-GCC universal bank.' SMBC Group acted as the initial mandated lead arranger, bookrunner and co-ordinator for the facility. Emirates NBD Capital and First Abu Dhabi Bank were the mandated lead arrangers and bookrunners. Copyright 2022 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Zawya
18-05-2025
- Business
- Zawya
Gulf International Bank B.S.C closes debut $500mln Islamic syndicated financing facility
Strong uptake of the facility highlights GIB's sound credit profile while further strengthening the Bank's financial position and diversifying its funding sources. Manama – Gulf International Bank B.S.C. (GIB) today announced that it has successfully closed its debut US$500 million syndicated Murabaha financing facility, marking the Bank's first Islamic syndicated transaction in the international market. The three-year Shariah-compliant facility was well oversubscribed, driven by strong demand from a broad mix of leading regional and international banks. The successful completion of the facility underscores GIB's sound financial position in the market. The strong interest garnered by the facility has enabled GIB to further diversify its funding base and facilitate the Bank's continued business growth across its core markets and key business lines. Sara Abdulhadi, Chief Executive Officer of GIB B.S.C., said, 'We are proud to have successfully closed GIB's inaugural syndicated Murabaha facility, marking a key milestone in the ongoing diversification of our funding strategy. The strong response and oversubscription from such a diverse group of regional and international banks reflects tremendous market confidence in GIB's position as a leading pan-GCC universal bank.' SMBC Group acted as the Initial Mandated Lead Arranger, Bookrunner and Coordinator for the facility. Emirates NBD Capital Limited and First Abu Dhabi Bank PJSC were the Mandated Lead Arrangers and Bookrunners. About Gulf International Bank (GIB) Gulf International Bank B.S.C. is a pan-GCC universal bank established in 1975 and regulated by the Central Bank of Bahrain. GIB's services are delivered across the GCC and international markets through its subsidiaries: GIB Saudi Arabia and GIB (UK) Ltd. Additionally, the Bank has branches in the UAE, Oman, London and USA. GIB is owned by the governments of the Gulf Cooperation Council countries, with Saudi Arabia's Public Investment Fund being the principal shareholder. For more information, kindly contact: FinMark Communications
National Post
29-04-2025
- Business
- National Post
SMBC Americas Hires Greg Keeley as Chief Operating Officer
Article content NEW YORK — The Sumitomo Mitsui Banking Corporation (SMBC) Americas Division today announced that has joined the bank as Chief Operating Officer. Article content Article content Based in New York and reporting to the Americas CEO, Greg will lead the bank's technology, cyber, and operational functions, while also driving transformative initiatives. Article content 'Greg's track record and leadership experience will play an integral role as SMBC continues to innovate and scale our operations across the Americas, ' said Hirofumi Otsuka, Chief Executive Officer, SMBC Group Americas Division. 'As we diversify our business to best serve a global client base, the COO role will guide the transformation of our infrastructure and data-driven operating model.' Article content Greg joins SMBC from TD Bank, where he spent six years in several leadership roles, including Senior Executive Vice President of Platforms & Technology and Chief Information Officer. Before that, he spent more than 20 years at American Express, where he spearheaded major technology and leadership initiatives. Article content About SMBC Group Article content SMBC Group is a top-tier global financial group. Headquartered in Tokyo and with a 400-year history, SMBC Group offers a diverse range of financial services, including banking, leasing, securities, credit cards, and consumer finance. The Group has more than 150 offices and 120,000 employees worldwide in nearly 40 countries. Sumitomo Mitsui Financial Group, Inc. (SMFG) is the holding company of SMBC Group, which is one of the three largest banking groups in Japan. SMFG's shares trade on the Tokyo, Nagoya, and ADRs on the New York (NYSE: SMFG) stock exchanges. Article content In the Americas, SMBC Group has a presence in the U.S., Canada, Mexico, Brazil, Chile, Colombia, and Peru. Backed by the capital strength of SMBC Group and the value of its relationships in Asia, the Group offers a range of commercial and investment banking services to its corporate, institutional, and municipal clients. It connects a diverse client base to local markets and the organization's extensive global network. The Group's operating companies in the Americas include Sumitomo Mitsui Banking Corp. (SMBC), SMBC Americas Holdings, Inc., SMBC Nikko Securities America, Inc., SMBC Nikko Securities Canada, Ltd., SMBC Capital Markets, Inc., SMBC MANUBANK, JRI America, Inc., SMBC Leasing and Finance, Inc., Banco Sumitomo Mitsui Brasileiro S.A., and Sumitomo Mitsui Finance and Leasing Co., Ltd. For more information, please visit Article content Article content Article content Article content Article content Article content
Reuters
18-02-2025
- Business
- Reuters
Czech investor Kretinsky's EPH raises debut $527 million Samurai loan
PRAGUE, Feb 18 (Reuters) - Czech energy group EPH, controlled by billionaire investor Daniel Kretinsky, raised its first Japanese loan facility worth 80 billion yen ($527 million), as part of efforts to diversify funding access, the company said. The so-called Samurai loan matures in February 2030 and pays an interest margin of 160 basis points over the Tokyo overnight average rate (TONAR), EPH said in a statement on Monday. SMBC Group was the sole coordinator of the loan. "We are delighted to have raised our debut Samurai loan, which is an important milestone in the further diversification of EPH's funding model," Vice-Chairman Pavel Horsky said in a statement. It was the largest debut for a corporate borrower in the Samurai loan market since the global financial crisis, Horsky added. Kretinsky, a 49-year-old former investment bank lawyer, has built Energeticky a Prumyslovy Holding (EPH) into one of Europe's largest energy groups since its founding in 2009, while also diversifying his investments into retail, media and other areas across Europe in recent years. EPH reported earnings before interest, tax, depreciation and amortisation (EBITDA) of 3.6 billion euros ($3.76 billion) on revenue of 24.2 billion euros in 2023. ($1=151.8500 yen) ($1=0.9563 euros)
Zawya
11-02-2025
- Business
- Zawya
QNB Group announces 'successful completion' of inaugural Shogun $138mln bond issuance
Qatar - QNB Group announced the successful completion of an inaugural Shogun bond issuance in Qatari riyals amounting to QR500mn, exclusively for the international investors. This issuance is the first-ever Qatar Riyal (QR) denominated Shogun bond issued for a tenor of three years with an attractive yield. This issuance is part of QNB Group's strategy to tap new sources of stable funding from new markets. QNB Group mandated SMBC Group to arrange the Shogun bonds issuance. This success confirms the trust of international investors in QNB Group's strategy and the strength of its financial position. QNB Group is one of the leading financial institutions in the MEA region and among the most valuable banking brands in the regional market. Present in some 28 countries across Asia, Europe, and Africa, it offers tailored products and services supported by innovation and backed by a team of over 31,000 professionals dedicated to driving banking excellence worldwide. © Gulf Times Newspaper 2022 Provided by SyndiGate Media Inc. (
