Associated tags: Erste Group, Var, FRTB, Software, Data Analytics, Finance, Banking, Data Management, Professional Services, Fintech, Workflow, Liquidity risk, Risk management, Bank
Retrieved on:
Wednesday, March 27, 2024
Electricity,
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Corporate finance,
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Renewable energy TEL AVIV, Israel, March 27, 2024 (GLOBE NEWSWIRE) -- Enlight Renewable Energy (“Enlight”) (NASDAQ: ENLT, TASE: ENLT), a leading global renewable energy platform, today announced The European Bank for Reconstruction and Development (EBRD), together with Erste Group Bank AG and its local bank Erste Bank a.d. Novi Sad (Erste), have approved a financing package worth $101 million for the construction of a new windfarm in Serbia, which will be built by Enlight. The financing package will provide a major boost to the country’s goal of diversifying its energy mix.
Key Points:
- The financing package will provide a major boost to the country’s goal of diversifying its energy mix.
- The EBRD and Erste will provide parallel loans, worth $50.5 million each, including the associated debt service reserve facilities.
- The Pupin project is expected to begin operating commercially in the second half of 2025.
- The windfarm will also help to reduce the carbon intensity of Serbia’s power sector and advance its green economy transition.
Retrieved on:
Tuesday, December 6, 2022
Software,
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FRTB,
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Liquidity risk,
Erste Group,
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Risk management,
Bank ActiveViam, a global provider of fit-for-purpose software solutions to the financial services industry, is pleased to announce that Erste Group Bank is the first client to adopt ActiveViams new Limits Monitoring module.
Key Points:
- ActiveViam, a global provider of fit-for-purpose software solutions to the financial services industry, is pleased to announce that Erste Group Bank is the first client to adopt ActiveViams new Limits Monitoring module.
- This will help Erste Group Bank to enforce their risk appetite while maintaining and monitoring limits on a daily basis.
- Erste Group Bank had a choice between developing an in-house solution or acquiring a product from a software vendor.
- Erste Group Bank is already using ActiveViams FRTB Accelerator, which has helped the bank to reduce implementation costs and comply with market risk management regulation.
