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A delegation of the Ministry of Commerce of PRC visited GRGBanking

November 23, 2011 in Banking Industry News

Recently, Ministry of Commerce of the People’s Republic of China organized a visit to some of China’s excellent export enterprises, with representatives from commercial institutions of different counties and foreign media. Mr. Li Boqing, Deputy Director of Department of Foreign Trade, led the delegation to visit GRGBanking, getting to know the technology and quality of China’s export products. Integrating with the concept of low-carbon, environmental friendly and people-oriented, GRG makes a great improvement in scientific management, trust operation and internationalization.

 

 

 

Dr. Eduardas Vaigauskas, General Manager of GRGHK, welcomed the delegation and expressed his thanks to the trust and support of Ministry of Commerce. Dr. Eduardas Vaigauskas briefly shared GRG’s history to the guests and then gave a detailed introduction about GRG’s technology innovation, independent research and development abilities as well as its business achievement in overseas market. Read the rest of this entry →

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Ziraat Bank to Build the Largest Biometric ATM Network in Europe

November 9, 2011 in Banking Industry News, GRG Banking

Ziraat Bank (T.C. Ziraat Bankas? A.?.), Turkish’s largest state bank, is to build the largest biometric ATM network in Europe by January 2012.

The bank had bought 1505 GRG recycling ATM, all of which are equipped with palm vein readers, the latest biometric security technology used in ATM. In addition, 1,400 desktop palm readers that can connect PCs via USB were ordered and the delivery is completed.
Palm Vein Scanner GRG banking - Biometric ATM security
By January 2012, “1.400 desktop palm readers will be disseminated over branches for the purpose of reading the customer’s palm vein data”, said Mr. Ali Araz on ATMIA ATM Security 2011, London. Araz is the General Manager of Fintek, which is the IT company of Ziraat Bank, and CIO of Ziraat Bank. Besides ATM from GRGBanking, the Bank has currently 2,900 ATM from NCR and Wincor Nixdorf ATM. Read the rest of this entry →

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GRGBanking Attended “Cash Circulation + Self-service. Banking and Retail” 2011 Forum

November 4, 2011 in Banking Industry News, GRG Banking

The 3rd International Forum, 2011 “Cash Circulation + Self-service. Banking and Retail” was held in the Forum Hall in Moscow, Russia on October 17-18, 2011. GRGBanking and their local partner IT SERVICE Retail&Banking (ITS) presented their cash management solutions, to improve the cash processing efficiency.

GRGBanking Attended “Cash Circulation + Self-service. Banking and Retail” 2011 Forum

The most interesting for visitors of the booth were the function of serial number recognition of banknotes and the cassette swapping solution between the cash recycler H68NL and the automated deposit machine P2801 both produced by GRGBanking. Solutions of GRGBanking are proven to effectively improve the quality of customer service, automating payment transactions and internal workflow, reducing cash handling costs and decreasing risks. Customers also showed interest on cash dispenser and cash recycler as well as cash processing solutions presented by GRGBanking.

GRGBanking Attended “Cash Circulation + Self-service. Banking and Retail” 2011 Forum

On the forum, presentations were made by speakers about urgent issues in the field of cash handling, banking self-servicing, cash-recycling, optimizing of the self-service banking and new technologies of cash-collection.

 

Dr. Eduardas Vaigauskas, General Manager of GRGBanking, was also invited to give a speech about F@ST Abacus, an intelligent ATM location selection and analytic management platform, which was highly appreciated by the audience. F@ST Abacus provides standardized investigation methods and scientific evaluation rules to help the banks or IAOs to make the right decision in selecting the locations and keep track of the on-site investigation team performance.

 

General Director of ITS, Mr. Michael Mostovoy held a presentation “IT SERVICE Retail&Banking cash management implemented solutions” in the “Cash-recycling. Self-service banking optimization” session. Mostovoy reported on the cash recycling projects based on the cash recycler H68NL, implemented in the Russian Standard Bank, one of the leading consumer lenders in Russia, and in the Russian Post, about the introduction of cash management solutions based on the automated deposit machines in METRO Cash & Carry stores.

 

Within two days the event was attended by 751 representatives of many institutions from Russia, the CIS member states and other countries. Organizer of the forum “Cash Circulation + Self-service. Banking and Retail” is a specialized retail financial business magazine PLUS. Devoted to the issue of increasing efficiency, security and attraction of clients in the field of self-service banking, the Forum has been held in Moscow since 2009. Its members are the national regulators of the CIS countries, leading experts in the field of self-service banking, representatives of Russian and foreign banks, vendors of equipment and solutions, integrators.

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GRG Global Customer Exchange 2011: “We Move Faster”

September 16, 2011 in Banking Industry News, GRG Banking

GRG Global Customer Exchange 2011: “We Move Faster”

 

Sep. 5 to 7, 2011, the 7th GRG Global Customer Exchange is held in Science City, Guangzhou. More than 140 customers and partners worldwide attended the event. The most cutting-edge issues were discussed and the latest technology, product and solution of GRGBanking were introduced. Transforming from a sole ATM manufacturer to a cash management solution provider, the company released a brand new slogan “We Move Faster”.

 

The focal point of GRG Global Customer Exchange this year is the Customer Conference on Sep. 7. On the Conference, the multi ATM software and comprehensive solution is regarded as the future development of cash circulation and processing. David Zhong, manager of Software Solution Dept from GRGBanking, introduced the intelligence, smartness, security and high value of software solutions from GRG. Among them, FEEL View ATM monitoring system and P2801L high speed cash deposit solution are the most innovative solutions ready for banking and other financial-related industries like retail, electric, petroleum, telecom. Other speakers include: Brendan Burge, Sales Manager of Transoft; Bill Jackson, CTO of GRG International; Jingyi Li, Manager of National Marketing Dept in GRG; Christo Terblanche, CEO of Smartec Technologies.

 

P2801L is now widely used in South Africa, Russia, Taiwan and Mainland China. It can be connected with recycling ATM H68NL seamlessly to achieve the “Cassettes Swapping” solution. The solution, one of GRG’s future approaches on cash management, is a streamlined process chain integrating retailers, banks and CITs.

 

Besides innovative solutions, GRGBanking renewed its slogan as “We Move Faster”. As Managing Director Mark Yip said, GRGBanking was not a famous company when it started the ATM business, but now it is a leading currency recognition and cash processing solutions provider in the global market, in a high speed to catch up with those top ones. Most of the customers agree that the new slogan and the leopard image in the new corporate commercial give them a great impression.

 

Customers visiting showroom of GRGBanking, Science City, Guangzhou

Customers visiting showroom of GRGBanking, Science City, Guangzhou

 
Customers asking questions to speaker on the Conference, Science City, Guangzhou

Customers asking questions to speaker on the Conference, Science City, Guangzhou

 
Halil I. Agan, IT Manager (left) and Kerim Arican, Project Manager (right) from Ziraat Bank receiving interview
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Stock futures higher after Apple results

July 20, 2011 in Banking Industry News


NEW YORK |
Wed Jul 20, 2011 7:24am EDT

NEW YORK (Reuters) – Stock index futures rose on Wednesday as continued strong earnings, including from Apple Inc (AAPL.O), underscored the growing sense that companies were faring well despite the recent soft patch in the economy.

* Equities have struggled against a number of headwinds recently, including concerns about sovereign debt problems in the United States and Europe, but on Tuesday posted their best day since March, helped by strong results from such bellwethers as International Business Machines Corp (IBM.N) and Coca-Cola (KO.N).

* Tech giant Apple late Tuesday posted third-quarter revenue that was far above expectations, helped by blockbuster sales of its iPhone, as well as its Asian business. The stock gained 4.5 percent to $393.80 in premarket trading.

* Yahoo Inc (YHOO.O) late Tuesday reported a slight decline in net revenue in the second quarter, as efforts to restructure its sales force caused disruptions that crimped revenue.

* Earnings will continue to be in focus, with American Express Co (AXP.N) and Intel Corp (INTC.O) among the many set to report on Wednesday.

* Among the early reporting companies on Wednesday were Textron Inc (TXT.N), which reported a second-quarter profit that beat expectations, and United Technologies Inc (UTX.N), which raised its full-year profit view.

* Investors will also be looking for June existing home sales data, due at 10:00 EDT, which are seen rising from the previous month. On Tuesday, housing starts that were much stronger than expected contributed to the market’s positive tone.

* SP 500 futures rose 7.5 points and were above fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract. Dow Jones industrial average futures added 62 points and Nasdaq 100 futures rose 23 points.

* Ecolab Co (ECL.N) said it would buy Nalco Holding Co (NLC.N) for $5.4 billion.

* The growing optimism over earnings season comes as market participants also had more confidence with the ongoing talks for a debt deal in the U.S. Markets gained momentum late in the day on Tuesday after President Barack Obama suggested progress was being made toward a $3.75 trillion deficit reduction deal centered around entitlement reform.

* The White House and Congress need an agreement that includes an increase in the federal debt ceiling by August 2 or the United States could default on its debt.

* Obama’s comments, along with the earnings, sparked a sharp equity rally on Tuesday, with all indexes rising more than 1.6 percent and the Nasdaq climbing more than 2 percent.

(Editing by Chizu Nomiyama)

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CORRECTED-German main barrier to euro zone bonds -France

July 20, 2011 in Banking Industry News


Wed Jul 20, 2011 7:25am EDT

(Corrects quote in lede, to say “German reticence”, not “German
resistance”)

PARIS, July 20 (Reuters) – The main obstacle to the idea of
common eurozone bonds is “German reticence” and Germany and
France are the key to creating a lasting solution to the Greek
debt crisis, French government spokeswoman Valerie Pecresse said
on Wednesday.

Pecresse, who is also France’s budget minister, said French
President Nicolas Sarkozy wants a deal done as soon as possible.

A “durable solution goes via the Franco-German couple,” she
added.

Sarkozy, who is due to travel to Germany later on Wednesday
to meet with Chancellor Angela Merkel, wants euro zone countries
to agree on a deal for Greece by the end of a summit in Brussels
on Thursday, Pecresse, who was giving a readout after a weekly
cabinet meeting, added.
(Reporting by Nick Vinocur; editing by Patrick Graham)

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Ireland will recapitalise Irish Life by July deadline

July 20, 2011 in Banking Industry News


DUBLIN, July 20 |
Wed Jul 20, 2011 7:31am EDT

DUBLIN, July 20 (Reuters) – Ireland is committed to
recapitalising Irish Life Permanent (ILP) within the
timeframe set out under its EU-IMF bailout despite shareholders’
rejecting its plans, the finance ministry said on Wednesday.

“While noting that shareholders have voted against the
proposed recapitalisation at the EGM, the minister remains
committed to recapitalising ILP to the levels set by the central
bank within the timeframe set in the programme of assistance,”
the ministry said in a statement.

Under the terms of its EU-IMF rescue package, the Irish
government has agreed to recapitalise its banking sector by the
end of July.

(Reporting by Carmel Crimmins; Editing by Mike Nesbit)

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FTSE gains as U.S. hopes boost beaten down stocks

July 20, 2011 in Banking Industry News


Wed Jul 20, 2011 7:33am EDT

* FTSE up 1.0 percent

* U.S. debt deal hopes boost risk appetite

* Fund manager eyes value among insurers

By David Brett

LONDON, July 20 (Reuters) – Bargain hunters sniffing around
cheap financials and miners helped push Britain’s FTSE 100
higher on Wednesday, as hopes that a deal could be reached in
the U.S. to stave off defaulting on its debt and bullish
corporate earnings lifted sentiment.

The FTSE 100 was up 59.01 points, or 1.0 percent,
at 5,849.00 by 1100 GMT, extending the previous session’s 0.7
percent rise as investors tucked into beaten down equities such
as insurers, banks and miners .

The UK’s benchmark index trades on a one-year forward price
earnings ratio of around 9 times, compared to a historic average
of more than 14 times, according to Thomson Reuters data.

Barclays added 3.1 percent, while insurer Standard
Life rose 1.5 percent, and miner BHP Billiton
climbed 2.5 percent.

“A lot of areas worth looking at. This morning I’ve taken
the opportunity to add to some shares that have clapped out,”
said Paul Mumford, who manages a 25-million-pound fund at
Cavendish Asset Management

Mumford said he has been picking up insurers at “pretty
darned attractive levels”, citing buys in Aviva and
Standard Life , which he said have been hit by concerns
over potential exposure in sovereign debt bonds.

Opportunistic investors have taken advantage of a 5 percent
fall from July 7 on London’s Blue Chip index, when investors’
jitters returned over debt contagion in the euro zone and two
ratings agencies threatened the U.S.’s top-notch credit rating.

President Barack Obama, however, attempted to assuage
investors’ fears as he seized on a plan that could revive
stalled U.S. debt talks and the prospect of a 10-year deficit
reduction deal to avert a default.

“Doing anything over 10-years has a suspiciously Greek
accent to it but if it gets the ceiling raised markets can
presumably overlook the somewhat unsettling parallel,” Paul
Donovan a senior economist at UBS said.

Investor appetite for equities over other asset classes also
increased after the Bank of England’s Monetary Policy Committee
judged recent economic weakness had reduced the chance interest
rates would need to rise in the near term.

U.S. stock index futures pointed to a higher open on Wall
Street on Wednesday, boosted by Tuesday’s strong reading for
June U.S. housing starts and Apple’s results overnight
and ahead of June U.S. existing home sales data at 1400 GMT.

TECHS CHIP IN

Chip designer ARM Holdings , whose technology is used
in the most of the world’s smartphones and tablets, was the top
riser on the FTSE 100, up 3.6 percent.

The firm’s shares got a leg up as results from Apple
reinforced analyst views that corporates can defy the
gloomy economic picture, after the maker of iPhones and iPads
reported revenue above estimates.

FTSE 250 chip maker Imagination Technologies
was up 8.7 percent.

Meanwhile, BHP Billiton climbed after the world’s
biggest miner set the stage for a record full-year profit of
around $21 billion after coal output topped forecasts.
.

Oil major BP added 2.3 percent with traders citing
rumours that Anadarko Petroleum Corp will bring a
settlement with the UK oil major forward.

MA remained a feature among London-listed shares as their
cheap valuation continue to attract interest from potential
bidders.

Misys rose 9 percent on media reports that the U.K
financial software maker is close to an agreement to be bought
by Payment services provider Fidelity National Information
Services Inc .

Back among the blue chips, ITV was 3.5 percent
higher after UBS retained its “buy” recommendation on the
British terrestrial TV broadcaster on valuation grounds in a
note on European broadcasters.

ITV shares have fallen more than 28 percent since their 2011
highs in early March, and trade on a forward price-to-earnings
of just 9.1 times, Thomson Reuters data showed.

On the downside, AstraZeneca fell 1.2 percent after
U.S. health advisers rejected its new once-a-day type 2 diabetes
drug dapagliflozin.

The setback came ahead of a more important U.S. Food and Drug
Administration decision, due on Wednesday, on whether to approve
AstraZeneca’s key new heart drug Brilinta

Ex-dividend factors clipped 1.47 points from the FTSE 100
index on Wednesday, with ICAP and Imperial Tobacco
losing their payout attractions.
(Additional reporting by Stephen Eisenhammer; Editing by Jon
Loades-Carter)

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BRIEF-Moody’s puts repack notes of ELM B.V. Series 147 on review

July 20, 2011 in Banking Industry News

July 20 |
Wed Jul 20, 2011 7:35am EDT

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UPDATE 1-Qatar Islamic Q2 net profit up 27 pct; beats estimates

July 20, 2011 in Banking Industry News


DOHA, July 20 |
Wed Jul 20, 2011 7:42am EDT

DOHA, July 20 (Reuters) – Qatar Islamic Bank (QIB)
, the Gulf state’s second largest lender by market
capitalisation, posted a 26.9 percent jump in second-quarter net
profit on Wednesday, beating analysts’ forecasts on a surge in
the bank’s investment income.

QIB reported a net profit of 382 million riyals ($105
million), compared with 301 million riyals in the year-earlier
period, it said in a statement.

Analysts polled by Reuters on average expected a quarterly
net profit of 347.36 million riyals.

QIB reported first-half profit of 703 million riyals, the
statement said.

Investment income in the first half of the year surged to
311 million riyals from 48 million riyals in the year-earlier
period helping boost quarterly profit.

“The announcement of the results comes on the back of a
strategic transformation programme that the bank is implementing
with a view to restructuring both its local groups and its
affiliates abroad,” QIB Chairman Sheikh Jassim bin Hamad bin
Jassim bin Jabr al Thani said in the statement.

QIB is said to be planning to raise between $500 million to
$1 billion via a sukuk sale. The lender pulled
out of a deal to buy a majority stake in Indonesian Islamic
lender PT Bank Muamalat, banking sources said earlyt this month.

Qatar’s central bank has ordered conventional banks to stop
offering Islamic banking services by year-end, a move seen as
likely to provide a boost to Islamic lenders in the Gulf state.

QIB shares closed 0.3 percent higher before the release of
the results on the Qatar Exchange.

(Reporting by Regan Doherty, Editing by Dinesh Nair)