Category Archives: Loans

Loans

Business, Financial, Financial Information, Financial Statements, Investment, Loans, Money

Digi Communications N.V. secures €281.9M in financing through two agreements

BUCHAREST, Romania, 9-Dec-2024 — /EuropaWire/ — Digi Communications N.V. (DIGI), a leading European telecommunications provider listed on the Bucharest Stock Exchange, has announced two significant financing agreements to enhance its operational capacity and expand its telecommunications infrastructure across multiple European markets.

Digi Romania, a subsidiary of DIGI, along with the parent company and Digi Spain Telecom, acted as guarantors in these agreements. The first is a Syndication and Amendment Agreement to the original Facility Agreement with ING Bank N.V., increasing the commitment from €150 million to €220 million with a five-year maturity period. This agreement also introduces a group of new lenders, including Banca Transilvania, BRD – Groupe Société Générale, Citibank Europe, ING Bank Amsterdam – Bucharest Branch, Banca Comerciala Intesa Sanpaolo Romania, Raiffeisen Bank, and UniCredit Bank.

The second agreement is an Export Credit Facility worth €61.9 million, arranged with ING Bank N.V., to finance the purchase of goods and services essential for developing Digi’s telecommunications networks in Romania, Spain, Portugal, and Belgium.

These agreements underscore DIGI’s strategic commitment to strengthening its market presence and investing in cutting-edge infrastructure.

About Digi Communications N.V.

We are a European leader in geographically-focused telecommunication solutions, based on the number of revenue generating units (“RGUs”) and a leading provider of telecommunication services in Romania and Spain, with a presence also in Italy, Portugal and Belgium.

SOURCE: EuropaWire

Assets, Business, Financial, Financial Information, Financial Law, Loans, Money

Se informa que Ricardo Salinas está moviendo activos fuera de EE. UU. en un intento por evitar el pago de la sentencia

VANCOUVER, Canadá, 30-Sep-2024 — /EuropaWire/ — Astor Asset Management 3 Ltd informa que Ricardo Benjamín Salinas Pliego, presidente de Grupo Elektra, S.A.B. de C.V., enfrenta nuevas acusaciones por transferir activos fuera de Estados Unidos para evadir el pago de una sentencia de 20 millones de dólares derivada de una disputa contractual con AT&T.

La sentencia fue emitida el 29 de noviembre de 2023 por un tribunal estadounidense contra Grupo Salinas Telecom, S.A. de C.V. y Grupo Salinas Telecom II, S.A. de C.V., empresas vinculadas a Salinas Pliego. Documentos judiciales revelan que Grupo Salinas Telecom realizó transferencias rápidas de activos fuera de Estados Unidos solo tres días después de la sentencia.

Según los informes, 10,25 millones de dólares en acciones de Grupo Elektra fueron transferidos desde una correduría en EE.UU. a Banco Azteca en México. Además, se enviaron 5,65 millones de dólares a una entidad canadiense, Security International Investments, Inc., que supuestamente está vinculada a Salinas Pliego. También se han documentado otras transferencias y liquidaciones de activos que superan los 10 millones de dólares.

Por “razones estratégicas”, Salinas Pliego decidió no contar con representación legal en este caso, lo que ha sido interpretado como un intento de evitar el pago de la sentencia judicial. Esta acción, junto con el historial de las empresas de Salinas Pliego de alegar dificultades financieras para no pagar a sus acreedores, plantea serias preocupaciones sobre la transparencia y gobernanza en Grupo Elektra.

Salinas Pliego tiene un historial extenso de conductas financieras controvertidas, que incluyen acusaciones de fraude de valores, disputas por impuestos no pagados y deudas con acreedores. Sus recientes movimientos, incluidos los rápidos traslados de activos fuera de la jurisdicción estadounidense, han atraído un mayor escrutinio por parte de reguladores financieros y acreedores.

Astor Asset Management 3 Ltd también está involucrada en litigios con Salinas Pliego en el Reino Unido por el incumplimiento de un préstamo de 110 millones de dólares.

A medida que los mercados exigen cada vez más transparencia y responsabilidad, la gestión de estos asuntos legales y financieros por parte de Salinas Pliego será vigilada de cerca por inversores y reguladores.

SOURCE: EuropaWire

Assets, Business, Financial, Financial Law, Funds, Loans, Money

Astor Asset Management Alleges Major Loan Breach and Securities Violations by Salinas Pliego

VANCOUVER, Canada, 26-Aug-2024 — /EuropaWire/ — Astor Asset Management, a prominent investment firm, has formally accused Mexican billionaire Ricardo Salinas Pliego of breaching a $110 million loan agreement. The allegations include failure to meet payment obligations and non-disclosure of pledged shares, which is considered a violation of Mexican securities regulations. Astor asserts that these actions compromise market transparency and investor confidence. The firm has urged Mexico’s National Banking and Securities Commission (CNBV) to take decisive action. This development could have significant implications for the financial markets and regulatory environment in Mexico.

For further details, read the full press release issued by the firm over here (German) and here the Spanish version.

Banks, Business, Debts, Financial, Financial Information, Financial Statements, Funding, Funds, Loans, Money

Digi Communications secures a EUR 150M term loan from ING Bank N.V.

BUCHAREST, Romania, 3-Jun-2024 — /EPR FINANCIAL NEWS/ — Digi Communications N.V. (“Digi” or the “Company”), one of the leading European telecommunications companies, listed on the Bucharest Stock Exchange, would like to inform the market that on, June 3, 2024, the Company together with Digi Romania S.A., its subsidiary in Romania (“Digi Romania”), as borrowers and original guarantors, Digi Spain Telecom S.L.U. as original guarantor, ING Bank N.V. as underwriter, mandated lead arranger, bookrunner and original lender and ING Bank N.V., London Branch as facility agent have concluded a term loan of EUR 150,000,000, with a maturity of 3 (three) years after the first utilisation date. The borrowed amounts may be used by the Company and Digi Romania towards the refinancing of the EUR 450,000,000 Senior Secured Notes issued by Digi Romania, which are due in 2025.

About Digi Communications N.V.

We are an European leader in geographically-focused telecommunication solutions, based on the number of revenue generating units (“RGUs”) and a leading provider of telecommunication services in Romania and Spain, with a presence also in Italy, Portugal and Belgium.

SOURCE: EuropaWire

Business, Financial, Financial Information, Financial Statements, Funding, Investment, Loans, Money, Revenues, Stocks, Trading

Instructions on the payment of Digi Communications N.V. dividend for FY 2021

BUCHAREST, Romania, 6-Sep-2022 — /EPR FINANCIAL NEWS/ — Digi Communications N.V. (The Company) would like to inform its investors and the market that Digi has made available the detailed instruction regarding the payment of the dividend in gross amount of 0.85 lei per share, as approved by the Resolutions of the Board of Directors of DIGI Communications N.V. dated the 1st of September 2022.

The detailed instruction on the payment of the dividend is available on the Company’s website, at the „DOCUMENTS REGARDING THE INTERIM DISTRIBUTION OF DIVIDEND FOR THE YEAR 2021” section – https://www.digi-communications.ro/en/corporate/documents-regarding-the-interim-distribution-of-dividend-for-the-year-2021, as well as in the document attached below.

For additional information, please contact us at investor.relations@digi-communications.ro.

About Digi Communications NV

We are a European leader in geographically-focused telecommunication solutions, based on the number of revenue generating units (“RGUs”) and a leading provider of telecommunication services in Romania and Spain, with a presence also in Italy and Portugal.

SOURCE: EuropaWire

Assets, Business, Financial, Financial Information, Financial Statements, Investment, Loans, Money, Revenues, Stocks, Trading

Digi Communications N.V. amends the EUR 128 million loan agreement for its Spanish subsidiary

BUCHAREST, Romania, 27-Jul-2022 — /EPR FINANCIAL NEWS/ — Digi Communications N.V. (The Company) would like to inform its investors and the market that on 27 July 2022, the Company’s Spanish subsidiary, acting as a borrower (the “Borrower”) together with the Company and RCS&RDS as original guarantors, ING Bank N.V. as sole bookrunner and mandated lead arranger and a syndicate of banks, acting as lenders, entered into an amendment agreement (the “Amendment Agreement”) to the facility agreement dated 26 July 2021 (the “Original Facilities Agreement”), under which was made available to the Company’s Spanish subsidiary an additional term loan facility in a total aggregate amount of EUR 128,000,000, for a period equal to five years, until 30 June 2027.
The borrowed amount of the new term loan facility will be used by the Borrower for the financing of capital expenditure in Spain and associated personnel costs.

About Digi Communications NV

We are a European leader in geographically-focused telecommunication solutions, based on the number of revenue generating units (“RGUs”) and a leading provider of telecommunication services in Romania and Spain, with a presence also in Italy and Portugal.

SOURCE: EuropaWire

Assets, Business, Financial, Financial Information, Financial Statements, Funding, Investment, Loans, Revenues, Stocks

Digi Communications N.V. announced the release of its 2021 Preliminary Annual Report

BUCHAREST, Romania, 28-May-2022 — /EPR FINANCIAL NEWS/ — Digi Communications N.V. would like to inform its shareholders and the investors that the 2021 Preliminary Annual Report is available as of 28 May 2022, on the Company’s website.

The updated version of the 2021 Annual Report (including Digi NVs Consolidated & Stand-alone financial statements issued as per Dutch GAAP) will be published on or before 29 July 2022 https://www.digi-communications.ro/en/investor-relations/shares/financial-calendar
For details regarding the Preliminary 2021 Annual Report, please visit our website: www.digi-communications.ro/en/, under the section Investor Relations / Financial reports.

About Digi Communications NV

We are a European leader in geographically-focused telecommunication solutions, based on the number of revenue generating units (“RGUs”) and a leading provider of telecommunication services in Romania and Spain, with a presence also in Italy and Portugal.

SOURCE: EuropaWire

Assets, Business, Financial, Financial Information, Financial Management, Financial Statements, Investment, Loans, Money, Trading

Digi Communications N.V. made partial repayment of its financial debt in the amount of EUR 272 million

BUCHAREST, Romania, 20-Jan-2022 — /EPR FINANCIAL NEWS/ — Digi Communications N.V. (The Company) would like to inform its investors and the market that, during the period between January, 3, 2022, the date of the closing of the transaction entered into between the Company’s Romanian subsidiary (RCS&RDS) and 4iG Plc regarding the Group’s Hungarian operations, and January, 19, 2022, the Company and its subsidiaries made a partial repayment of the Group’s financial debt in the aggregate amount of EUR 272,017,424.

SOURCE: EuropaWire

Assets, Business, Financial, Financial Information, Financial Management, Financial Statements, Investment, Loans, Money, Revenues, Trading

Digi Communications N.V.’s Romanian and Spanish subsidiaries sign facility agreements

BUCHAREST, Romania, 27-Jul-2021 — /EPR FINANCIAL NEWS/ — Digi Communications N.V. (The Company) would like to inform its investors and the market that on 21 and 26 July 2021, the Company’s Romanian and Spanish subsidiaries, each acting as borrowers, entered into two facility agreements.

As per the Senior Facility Agreement from December 15, 2020 the details of which were disclosed at that point to the market (please see https://bvb.ro/FinancialInstruments/SelectedData/NewsItem/DIGI-Contractul-de-Facilitate-Senior-incheiata-la-15-decembrie-2020/D0599), an incremental facility was made available to RCS&RDS, which could be established in accordance with the terms and limits set within the Senior Facilities Agreement. Therefore, pursuant to the Senior Facilities Agreement, on 21 July 2021, the Company’s Romanian subsidiary requested the establishment of an incremental facility in an aggregate amount of RON 500,000,000 (the “Incremental Facility”) to be used for the company’s capital expenditure and general corporate purposes. The facility was entered into, besides RCS&RDS as borrower, by and between DIGI Tavkozlesi es Szolgaltato Korlatolt Felelossegu Tarsasag („Digi Hu”), INVITEL Tavkozlesi Zrt (“Invitel”), the Company, Digi Spain Telecom SLU (“Digi Spain”), as original guarantors on one hand and the Original Lenders and BRD-Groupe Société Générale S.A., on the other. The Incremental Facility is not yet drawn. It is available to be drawn at a later stage.

On 26 July 2021, the Company’s Spanish subsidiary, acting as borrower together with the Company, RCS&RDS, Digi Hu and Invitel, as Original Guarantors, Banco Santander S.A. and a syndicate of banks, acting as lenders, entered into a facilities agreement for an initial duration of three and a half years with the possibility of extension up to 5 years, under which Digi Spain was made available: (i) a term loan facility in a total aggregate amount of EUR 57,000,000; (ii) a term loan facility in a total aggregate amount of EUR 65,000,000; and (iii) a revolving facility in a total aggregate amount of EUR 10,000,000 to be used for several purposes, including CAPEX and general corporate purposes.

For details regarding the reports, please access the official websites designated of Digi: www.digi-communications.ro (Investor Relations Section).

SOURCE: EuropaWire

Banks, Business, Financial, Financial Information, Financial Management, Financial Statements, Investment, Loans, Money, Stocks, Trading

Digi Communications N.V. subsidiary RCS & RDS S.A. signs a EUR 150M senior facility agreement with group of banks

BUCHAREST, Romania, 16-Dec-2020 — /EPR FINANCIAL NEWS/ — The Company (Digi Communications N.V.) would like to inform its investors and the market that, on 15 December 2020, RCS & RDS S.A. (the Company’s subsidiary in Romania – „RCS&RDS”), as borrower and original guarantor, DIGI Távközlési és Szolgáltató Korlátolt Felelősségű Társaság as original guarantor, INVITEL Távközlési Zrt as Original Guarantor, the Company, as original guarantor, DIGI Spain Telecom S.L.U., as original guarantor and Citigroup Europe plc, Dublin Romanian Branch, ING Bank N.V. Amsterdam, Bucharest Branch and Unicredit Bank S.A. as original lenders and ING Bank N.V. as the facility agent of the other Finance Parties have concluded a senior facility agreement consisting in (i) a term loan facility in a total aggregate amount representing the RON equivalent of EUR 100,000,000; (ii) a revolving credit facility in a total aggregate amount representing the RON equivalent of EUR 50,000,000, for a period equal to the period between signing and the third anniversary of the Senior Facilities Agreement, and also permits the establishment from time to time of incremental facilities to be made available in accordance with the terms and within the limits of the Senior Facilities Agreement.

The term loan facility under the Senior Facility Agreement is meant to be used for the purposes of refinancing the amounts made available under the Facilities Agreement dated 7 October 2016, while the revolving facility may be used for capital expenditure, investments, general corporate, and working capital purposes (including intra-group loans) of the Digi group.

For details regarding the reports, please access the official websites designated of Digi: www.digi-communications.ro (Investor Relations Section).

SOURCE: EuropaWire

Financial, Financial Services, Loans, Money, Personal Finance

Credit Raters es un nuevo sitio web de comparación financiera para quienes necesitan dinero, como creditos, mini créditos, préstamos, mini préstamos prestamistas y tarjetas prepagas

BARCELONA, 18-Jul-2018 — /EPR FINANCIAL NEWS/ — Credit Raters es un nuevo sitio web de comparación financiera para quienes necesitan dinero, que ofrece a los consumidores un medio rápido, sencillo y gratis para comparar y solicitar productos y servicios financieros en Internet, como créditos, mini créditos, préstamos, mini préstamos prestamistas y tarjetas prepagas.

CreditRaters.com tiene el objetivo de facilitar la comparación y solicitud de una variedad de productos y proveedores financieros por Internet de forma gratuita.

Para eso, ofrece a los usuarios acceso a presupuestos y ofertas de prestamistas líderes en más de 8 países, incluidos el Reino Unido, España, Argentina, Rusia y Polonia.

Con solo indicar qué tipo de producto se busca y ciertos datos básicos, los usuarios obtienen en tan solo segundos, información de cientos de prestamistas, pequeños y grandes, independientes o grandes corporaciones, además de la posibilidad de solicitar sus productos con solo un clic.

El equipo de Season Marketing reconoce la dificultad de reducir las alternativas cuando se enfrenta a páginas de resultados de búsqueda eternas, por eso diseñó CreditRaters.com, para brindar soluciones rápidas y eficientes a los usuarios que desean obtener resultados que sean relevantes para ellos en tan solo segundos.

Al realizar sus búsquedas en CreditRaters.com, los usuarios acceden a una amplia variedad de proveedores, productos y servicios. La información se actualiza constantemente, los resultados se adaptan a las búsquedas individuales, y el proceso de recopilación de los resultados lleva pocos segundos.

En tiempos donde el tiempo es oro, nunca ha sido más fácil y rápido encontrar un préstamo o una tarjeta prepaga. Pocas personas tienen tiempo para hacer una serie de llamadas telefónicas o visitar una serie de sitios web individuales, ingresar sus datos personales y buscar presupuestos personalizados. Con una ventanilla única, los clientes pueden encontrar lo que necesitan en cuestión de minutos en CreditRaters.com.

Robert Bindon, director de Season Marketing Limited, comenta: “Estamos muy entusiasmados de trabajar en la comparación de productos financieros que se encuentra en constante evolución, y hacer que sea más fácil para los consumidores encontrar productos para los que son elegibles con tan solo un conjunto de preguntas simples. Ha habido un gran crecimiento de la demanda para comparar préstamos y prestamistas en los últimos 5 años. En una época en la que el crédito de €1000 se encuentra a 10 minutos de distancia, estamos felices de proporcionar un sitio web de comparación de precios seguro y gratuito para garantizar que los consumidores de todo el mundo puedan obtener el trato más justo y barato para ellos “.

Los calificadores de crédito actúan como intermediarios y ofrecen resultados que permiten a los clientes comparar las ofertas favorables de los principales prestamistas. La empresa también se adhiere a las prácticas de préstamos responsables y muchas de las compañías de crédito con las que trabaja ofrecen informes de crédito gratuitos para los clientes a fin de alentar una gestión eficaz del dinero.

CreditRaters.com es una solución para aquellos que buscan productos financieros, por ejemplo, préstamos, pero también atiende a clientes que desean obtener más información sobre su calificación crediticia y tomar medidas para mejorar su puntaje. El sitio web ha sido lanzado con un amplio espectro de usuarios en mente, y puede beneficiar a aquellos con buenos puntajes de crédito, así como a aquellos que tienen un historial de deudas y bajas calificaciones crediticias.

Se recomienda a toda persona que desee obtener más información sobre CreditRaters.com que utilice los datos de contacto que se detallan a continuación.

SOURCE: EuropaWire

Financial, Financial Services, Financial Solutions, Loans, Money, Personal Finance

Consumer Loan Market Is Growing

New York, NY, USA, 2018-Jul-03 — /EPR FINANCIAL NEWS/ — During last ten years, there were significant investments in the personal loans market. It was possible due to the inflow of capital and innovative technologies, which caused a doubling of the market.

Although, according to many financial websites, originations of personal loans are falling. It started with refusals to borrowers with a credit rating below 600, which didn’t take place since 2012.

Despite the decline in the origination of loans, all other data shows an increase of interest of the borrowers to this bank product.

The market for unsecured loans grew by 10.8% in 2017. And financial analytics are talking now about a great prospect for the development of this market segment.

According to statistics in 2017, 10% of respondents applied for a personal unsecured loan, a greater interest was shown to credit cards (65%) and auto loans (26%).

Banking CEOs are Concerned About FinTech

The lending market has a long history and now it is experiencing one of the most historical phases.

One of the biggest changes became a rapid development of FinTech (financial technologies).

Several years ago banks and other traditional financial structures were skeptical about online loans. Now 81% of banking CEOs are worried about such fast FinTech development.

Such concerns are reinforced by the fact that financial Internet structures have become quite competitive. Applying to a lender online, via a certain website connecting the customers with the direct service providers, the borrower gets a wide choice: unsecured personal loans, same day loans, debt consolidation etc. In addition to this sophisticated credit models and new anti-fraud mechanisms makes online financial services more attractive than banks.

The Most Popular Loans

According to the last statistic data, the most popular loan products are unsecured personal loans and installment loans. These loans are the most convenient and profitable for the borrowers. Same day payday loans are also popular, but they are most often used in urgent cases when money is needed for a short period of time. In such cases, 24/7 loans are more convenient, since it is easy to get and the money is being accrued to the bank account of a borrower in short period of time.

The thing that makes personal loans one of the most attractive types of financial products is its uniqueness. It can be used for any purpose: making a big purchase, paying for a wedding or vacation, etc. However, the most common reasons for obtaining a personal loan currently are:

1. Debt consolidation (35%).
2. Household expenses (19%).
3. Medical expenses (9.9%).

Statistic data shows that the purpose of the loan doesn’t affect the chances of the borrower to get approved.

Summing up, the consumer credit market is experiencing rapid growth. Personal loans are attractive to the borrowers because of the affordable interest rate and quick receipt of funds. FinTech is developing and expanding, thus the number of lenders increases and the borrowers have a wide choice.

Via EPR Network
More Financial press releases

Business, Financial Services, Financial Solutions, Loans, SME

North’n’Loans Company Starts Offering Small Business Loans in Canada

Toronto, ON, Canada, 2018-Apr-27 — /EPR FINANCIAL NEWS/ — North’n’Loans adds small business loans to its range of services. Owing to this innovation, the company is now able to provide a qualified help to the small business owners in finding a reliable lender. The new service is already available on the company’s website.

The company is a Canadian service dedicated to connecting customers with direct lenders online. It provides assistance with finding quick financial solutions for Canadian citizens in many provinces. North’n’Loans.ca is not a direct lender and only aims to connect a borrower with a suitable lender.

The company used to work only with short-term loan lenders that provide payday loans in Canada. Now North’n’Loans extends the range of its services and also offers the assistance with finding a reputable small business loan lender. The newly launched financial service is available for business owners 24/7 on the company’s website.

North’n’Loans.ca aims to allow the entrepreneurs to satisfy their financial needs with the help of online lending. The service connects a business owner with a reliable lender in accordance with the information in an application form and customer’s place of residence.

A customer can apply for the service submitting the online application form on the company’s website. An applicant needs to enter basic personal data to make a request. Once the application is filed, the approval process starts and a lender contacts the customer within a short period of time. The borrower receives the money to the bank account within 24 hours after approval. The applicants do not pay any fees for using the service offered on the North’n’Loans website.

The company’s database consists of certified private lenders from different provinces. North’n’Loan gives anyone an opportunity to apply for a loan owing to a large number of different lenders. The company’s website informs that the loans are usually given on the basis of the current income and the ability to pay it back. Despite the high chances, the company does not guarantee 100% approval.

All the loans are processed completely online. The customer discusses the loans terms, application status, fees and rates directly with a lender. The company is not responsible for the borrower-lender relationship.

The company continues to improve its services and also presents a new financial blog for Canadian citizens. The articles provide recommendations for achieving financial stability and some useful tips for those who face financial difficulties. The topics enlightened on the North’n’Loans blog vary from the retirement options to the college loans details.

Apart from that, North’n’Loans created a French version of its website to make it convenient for French-speaking citizens of Canada. A language switch is added to make the service available for the residents from all Canadian regions.

Via EPR Network
More Financial press releases

Banks, Business, Financial, Financial Services, Loans, Money

Finer.es ofrece microcréditos online con las mejores condiciones

MADRID, Spain, Apr-26-2018 — /EuropaWire/ — En abril de 2018 comenzó sus operaciones el servicio de microcréditos online Finer.es. Es un servicio internacional de préstamos online que se especializa en préstamos a personas físicas. El propósito de Finer.es es proporcionar a los prestatarios servicios de calidad. Finer.es se diferencia de otros servicios porque emite préstamos con la tasa de interés más baja – desde el 0,7%. El procedimiento para obtener un préstamo online es sencillo, rápido y no obliga al prestatario a ir a una sucursal física.

La empresa utiliza su sistema propio de “scoring “, que mide una serie de parámetros objetivos y otorga a cada persona una puntuación que ayuda a decidir si conceder o no el préstamo en pocos minutos sin papeleo ni aval. Este servicio funciona las 24 horas del día, los 7 días de la semana. Cualquier residente en España mayor de 21 años puede solicitar un préstamo de hasta 900 euros. Para hacerlo, necesitará una conexión a Internet, su DNI y sus datos bancarios. Los préstamos de hasta 900 euros con un plazo de devolución de hasta 35 días se transfieren inmediatamente a la cuenta bancaria del cliente. Además, Finer.es ofrece un programa de fidelización a sus clientes: a partir del segundo préstamo, cada préstamo se concede con un descuento acumulativo del 5%.

“En la vida de cada persona siempre se da una situación en que se puede necesitar dinero urgentemente. Si tenéis familiares o amigos a los que podéis pedir dinero prestado – genial. Desafortunadamente, no todas las personas han tenido tanta suerte. Nuestro servicio está destinado a ayudar a las personas que no tienen otra salida y nos esforzamos por hacer que sea rápido, sencillo y cómodo”, afirma Andrey Gorbushkin.

Comunicado de prensa completo…

Angel Investors, Assets, Business, Cryptocurrency, Currency, Financial, Financial Services, Funding, Investment, Loans, Money, Trading

Fast Invest will allow users to use their bitcoin or ethereum as collateral for loans in traditional currencies

Essex, UK, 13-Dec-2017 — /EuropaWire/ — Fast Invest is excited to announce the launch of its native cryptocurrency token (FIT) during their upcoming ICO launched on December 4th. The FinTech company has been operating since 2015 in the investment loan space, connecting funders with loan-seekers in a peer-to-peer exchange. With more than 8,500 daily users from 36 countries, Fast Invest is expanding into the largely unoccupied cryptocurrency lending sector.

Blockchain-based cryptocurrencies have been rapidly in 2017, racking up a seventeen times (at the time of this press release) increase in market capitalization since the beginning of 2017.  As these financial technologies mature new opportunities arise, especially for unbanked and underbanked populations. This is because digital currencies allow for the exchange of value without the need for central banks or other intermediaries. Fast Invest aims to leverage these developments to democratize investment by allowing people to invest as little as one dollar on their loan platform. This enables users to band together to crowdfund a loan that gets paid back with interest, which can then generate returns for the loan suppliers.

In what may be a first for the industry, Fast Invest will allow users to use their bitcoin or ethereum as collateral for loans in traditional currencies. Due to the nature of smart contracts, loans like this can be executed with very little human input and all parties can be sure that the terms of the loan will be carried out. This is because smart contracts utilize code and mathematics to enforce agreements without the need for human intervention.

By expanding to cryptocurrency-based investment instruments the company aims to reduce friction in the world of P2P investment and loan services. These offerings include a cryptocurrency exchange, digital wallet for holding tokens, cryptocurrency investment services, decentralized lending, and a payment card that can be funded by cryptocurrencies but used like a credit card.

SOURCE: EuropaWire

Accounting, Financial, Financial Management, Financial Services, Funds, Investment, Loans

Property Investors Should Consider All Borrowing Options to Finance Purchases

Leicestershire, United Kingdom, 2017-Jan-16 — /EPR FINANCIAL NEWS/ — The experienced team behind one of the UK’s leading property financing firms is advising property investors from all occupations to consider the full range of available options before deciding to commit to any one product. With so many borrowing products to choose from, finding the most appropriate financing deal to fund a property purchase is often one of the most essential yet complicated aspects involved – particularly when there are so many different lenders and borrowing options out there.

From affordable bridging loan products and property development loans through to secured finance and second charge products, UK Property Finance can provide exclusive access to some of the most competitive financing options on the market, many of which are quite simply unavailable when scouring the numerous high street lenders such as banks and building societies.

Securing Finance Against Commercial Property
“At UK Property Finance, we like to think of ourselves as an intelligent alternative to the more traditional streams of funding. Unlike banks or building societies, we have access to an exclusive panel of wealthy individuals and specialist lenders who will consider any type of property investment based on its own merits. As a fully FCA Authorised and Regulated, “whole of market” broker, we can source competitive funds from any main lender and our borrowing rates are quite simply the best available.” – UK Property Finance

Most borrowing options secured against commercial property types are only available up to 75% of the property’s worth. However, UK Property Finance are able to work in tandem with both lender and borrower in order to create a uniquely structured and targeted borrowing package that is delivered in increments as the various conditions and stages of completion are met.

Where commercial property loans are concerned, there are typically two main repayment methods available – interest only or the more standard practice of monthly repayments. With the interest only option, the borrower must pay the original balance at the end of the term, minus the interest itself, which has already been paid in regular instalments.

In addition to commercial property loans, UK Property Finance can also provide highly competitive bridging products. These versatile, short-term borrowing products are the perfect solution whenever a larger cash sum is required quickly in order to bridge a shortfall in funds that is temporary in nature. With bridging finance, the repayment period is usually fixed at 12 months with an exceptionally low level of interest and the final payment being the only payment required, covering all borrowing costs at once.

Faster Borrowing for Urgent Situations
“One of the main advantages of commercial bridging loans is the tremendous speed at which they can be arranged. As the name suggests, Commercial Bridging Loans are usually secured against commercial real estate or land, in much the same way as a residential bridging product would be secured against a home. The monies raised can normally be used for any reason the borrower sees fit, such as financing the purchase of a new property that needs to be redeveloped, or even the payment of overdue tax bills. As commercial bridging finance is not regulated by the FCA, the reasons for borrowing can be much more varied that with most other types of finance.” – UK Property Finance

As a leading independent brokerage, UK Property Finance can simplify the process of borrowing funds for commercial reasons so that secured funds can be acquired quickly and effortlessly – even when the situation is decidedly urgent. Their rates and fees are extremely competitive and their products are always delivered in an intelligent and cost effective manner. For more information regarding the borrowing options available, either visit the website at www.ukpropertyfinance.co.uk or send an email to info@ukpropertyfinance.co.uk outlining your needs.

Contact-Details: UK Property Finance. 2 Nursery Court, Unit 2C, Kibworth Business Park, Harborough Road, Kibworth Harcourt, Leicestershire, LE80EX, U.K.
Tel: 01164645544
Web: https://www.ukpropertyfinance.co.uk
Email: info@ukpropertyfinance.co.uk

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Financial, Financial Services, Loans

Leading Bridging Loans Broker Talks Life-Saving Small Business Finance

Leicestershire, UK, 2016-Jun-24 — /EPR FINANCIAL NEWS/ — Bridgingloans.co.uk Highlights the Value of Alternative Financial Products for Smaller Businesses

bridging loans

A growing number of leading industry experts are openly backing the use of bridging loans by smaller businesses, for which convenience access to essential finances often means the difference between business life and death. Cash-flow represents a challenge for most small businesses – conventional banks and lenders often being unwilling or unable to help.

According to the team at Bridgingloans.co.uk, a high-quality bridging loan can be nothing short of life-saving for the smaller business or start-up. While high street lenders continue to walk away from what they consider ‘higher-risk’ lending activity, the bridging loan community can offer a faster, fairer and far more intelligent small business financing service.

Immediate Access

“The main advantage of bridging for all businesses is the speed on offer. While traditional mortgages, property development finance and bank loans can take months to arrange, a bridging loan can be completed in days. When used appropriately, the ability to raise finance this quickly can be a major benefit, enabling a business to make the most of any impromptu opportunity. By allowing businesses to act at the right time, bridging loans can become a vital tool in ensuring their growth.”

Over the past five years, the average costs associated with starting a new business in the United Kingdom have increased exponentially. Commercial rents alone have spiked up to 300% in many key areas, while utility bills and operational expenses in general continue to rise. Unsurprisingly, small businesses and start-ups in growing numbers are finding themselves facing unexpected and often-incapacitating shortfalls.

Where shortfalls are temporary, a bridging loan can be remarkably effective. By providing the business with near-instant cash for any agreed purpose whatsoever, short-term financial obstacles can be overcome quickly, responsibly and proactively.

Intelligent Finance, Instant Quotations

“Funds raised from bridging finance can be used for pretty much any legal reason, provided it is agreed with the lender from the outset. A specialist bridging loan company such as bridgingloans.co.uk, have, due to the volume we process, special relationships with all of the key lenders and know the requirements needed to ensure a quick and smooth transaction. We also use our own funds for certain lending, which helps us to move even quicker if required. Processing time is however normally just a few working days.” – Bridgingloans.co.uk

According to the team at Bridgingloans.co.uk, intelligent financial solutions are already playing a pivotal role in supporting the UK’s small business community. From securing premises in the first place to essential refurbishment and all initial setup costs, a bridging loan can provide short-term help with providing the potentially substantial financing that new businesses need to get off the ground.

Banks and conventional lenders may be unwilling to support small business growth and expansion which the bridging loan industry believes is of the up most importance to the British economy.

About Bridgingloans.co.uk
Bridgingloans.co.uk is a leading UK finance broker & principle bridging loan funder with a unique commitment to transparency and customer service excellence. Bridging loans are offered on the back of comprehensive and digestible information to ensure rational and beneficial decision making across both domestic and professional circles alike. The team takes great pride in pioneering innovative new services to meet the short-term financial needs of UK borrowers from all walks of life.

Contact-Details: BridgingLoans.co.uk, 2 Nursery Court, Unit 2C, Kibworth Business Park, Harborough Road, Kibworth Harcourt, Leicestershire, LE80EX, UK. Tel: info@bridgingloans.co.uk. Web https://www.bridgingloans.co.uk

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Financial, Financial Management, Financial Services, Loans, Money, Mortgage

VIVIER MORTGAGES LIMITED “VML” AND LUIGI WEWEGE MEDIA STATEMENT

DUBLIN, IRELAND, February 24, 2015 — /EPR FINANCIAL NEWS/ — Over the past few months VML was contacted by Mr Conor Ryan and other reporters working on a programme for RTE, the Irish broadcaster.

It soon became clear that a number of untrue and defamatory allegations – about VML and persons formerly or currently connected with it – would be made in the programme and had already been made to third parties. After VML clearly outlined the correct position to RTE, its lawyers confirmed that the programme and/or its reporting would be “fair and balanced”, “fair, impartial and objective”, “fair to all interests concerned”, “fair and accurate”, “broadcast in good faith” and contain “nothing misleading, unsavoury or malicious” nor any “distortions or untruths”. VML was further assured by RTE’s lawyers that it “adheres to high standards of journalistic ethics” and follows “proper journalistic standards”.

Unfortunately, this did not happen: despite withdrawing many of the untrue and defamatory allegations, when broadcasting its programme on 5th February, RTE retained a number of others.

Accordingly, on 13th February 2015, following the advice of Senior and Junior Counsel, VML issued proceedings against RTE and Mr Ryan. The proceedings are for defamation, procuring a breach of confidence, malicious falsehood and other wrongs, for which aggravated and exemplary damages are sought. It is expected that other parties will issue similar proceedings in the English High Court.

The true position, as previously stated to but ignored by RTE, is as follows:
• In 2004, VML effectively came under the control of the British Government.
• In 2011, VML was sold by the British Government to an English private company.
• In 2014, VML was sold by that English company to its present owner.
• The beneficial owners of VML’s shares and debt are those appearing on the public register.
• VML’s current owner and directors are entirely distinct from the previous owners and directors.

Vivier Mortgages
Vivier Mortgages is a Dublin, Ireland based home loan company that has specialised in secured property lending, principally for domestic mortgages and building projects, for nearly twenty years. The company, having recently become part of Vivier Group, is currently looking for new opportunities in Ireland, in the areas of property acquisition, redevelopment and regeneration.

Vivier Group
Vivier Group is the global umbrella organisation of the Auckland based Vivier & Co and Vivier Investments, the London based Vivier Developments & Vivier Home Loans, and the Dublin based Vivier Mortgages.

Luigi Wewege
Luigi Wewege is the founder of Vivier Group and the Managing Director of Vivier Mortgages (a Dublin, Ireland based home loan company), as well as CEO of its Auckland based financial services arm, Vivier & Co, a boutique Financial Service Provider in New Zealand, offering no-cost, above average returns for investors.

Media Contact

Company Name: Vivier Mortgages
Contact Person: Media Relations Manager
Email: press@viviergroup.com
Phone: +353 1 697 1353
Country: Ireland
Website: http://www.viviermortgages.com

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Business, Financial, Financial Management, Financial Services, Investment, Loans, Money

Herrington Global Follows Up on Strong First Half with Streamlined Management Structure and Promotions

Herrington Global will further position itself for global expansion and future growth.

Herrington Global announced today that the company is streamlining its management structure to further position itself for global expansion and future growth. The move, effective immediately, follows strong results for the six-month period and average customer equity up 52 percent. Volume also continues to climb, up 18 percent.

Under the new structure, certain executives will assume increased responsibilities, and the number of officers reporting directly to Mr. Alfred T. Emerson, Herrington GlobalChairman and Chief Executive Officer will be reduced significantly.

Mr. Emerson said : “We’re very pleased that the foundation we have put in place has resulted in such an upward trend for the first half, particularly in this low interest rate environment. With the recent return of our founding members as majority owners and the support of our Board in regard to our global growth strategy, it’s time to position ourselves with a streamlined management structure. This approach will make the best use of our talented, experienced management team, challenging them to build on and enhance our strategy.”

Reporting to Mr. Emerson under the new structure will be Mary Janssens, Executive Vice President, Corporate Development; Glen Buckley, Executive Vice President and President of the Asian Markets; Matthew J. Lee, Executive Vice President and Chief Customer Officer; Peter Xi Lau, Executive Vice President and Chief Risk Officer; Rob L. Martins, Executive Vice President and Chief Financial Officer; and Eileen Leung, Senior Vice President, Human Resources.

In the new structure, Glen will expand his sales management efforts internationally as he assumes responsibility for the sales teams in Europe. He will continue to oversee New York Sales and the strategy supporting the firm’s over-the-counter and foreign exchange initiatives.

He will continue to oversee all aspects of the client experience, from account management, to product design and Client Services.

All aspects of Risk, Operations and Technology will be under one umbrella, reporting to Xi Lau. Mr. Emerson said this will promote the seamless integration between risk management, technology and operations.

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Herrington Global Announces Successful Transition to Three-Way Trade Confirmation for Tri-Party Repo Clients

Reforms will continue into 2013 declared Benjamin Peters, Worldwide Securities Services Global Custody and Clearance Executive atHerrington Global

Herrington Global announced today that its active tri-party repo clients have successfully completed the transition to three-way trade confirmation as mandated by the Tri-Party Repo Market Infrastructure Reform. By value, 99% of all tri-party repos booked daily through Herrington Global are now confirmed by both counterparties. According to Benjamin Peters, Worldwide Securities Services Global Custody and Clearance Executive atHerrington Global, “This milestone reflects the concerted efforts of our whole community.Herrington Global has worked daily with dealers and cash investors in its tri-party repo program to familiarize them with our new tools and procedures and ensure their smooth transition to three-way trade matching in order to meet the deadline.”

Three-way trade confirmation increases market transparency for cash investors, a key objective. Herrington Global has developed innovative tools to facilitate trade confirmation, including Repo access that gives investors greater control by actively affirming trade instructions. Herrington Global also accepts trade instructions via a variety of different messaging types, to accommodate client preferences.

Mr. Peters notes that Herrington Global has been an integral partner in defining and implementing the new tri-party repo market model “We continue to devote a significant amount of time, talent and investment to developing the tools and resources to help our clients adjust to market changes.” Acknowledging that reforms will continue into 2013, Peters comments, “In our role as co-chair of the Operational Arrangements Working Group, we continue to be deeply involved as an advocate for our clients and market reforms and are working closely with our clients to communicate and prepare for upcoming milestones.”

Collateral management is a vital risk management tool for institutions seeking to generate additional value from their portfolios while effectively managing their credit risk.Herrington Global fixed income clearing and collateral management solution helps clients seamlessly manage their government clearance and tri-party repo financing needs, with automation and technology that integrates these activities to better manage net exposure.

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