Citi Partners with Board of Investment to Facilitate Foreign Direct Investments into Thailand
Citi has announced a strategic collaboration with the Thailand Board of Investment (BOI) to accelerate foreign direct investment (FDI) into Thailand.
Leveraging Citi’s global network spanning more than 180 countries and jurisdictions, the partnership aims to connect high-quality investors to targeted industries in Thailand. Citi will provide comprehensive financial solutions for multinational corporations (MNCs) to establish and operate seamlessly in the country. Citi will also partner with BOI’s overseas offices to organize roadshows across key markets to attract foreign direct investments into Thailand.
Mr. Narit Therdsteerasukdi, Secretary General, Thailand Board of Investment (BOI), said, “Thailand continues to strengthen its position as one of Southeast Asia’s leading investment destinations, supported by its strategic geographic location, well-developed infrastructure, skilled workforce, robust supply chain, and attractive investment incentives. The collaboration with Citi Thailand will strengthen Thailand’s ability to attract foreign direct investment across strategic industries, including biotechnology, automotive, semiconductor and advanced electronics, digital, aerospace, humanoid robot, and renewable energy.”
Mr. Amol Gupte, Asia South Cluster & Banking Head, Citi, said, “Citi has proudly been a part of Thailand’s growth story supporting multinational clients as they enter Thailand, invest, and grow here. We are looking forward to celebrating 60 years in Thailand next year and to further deepen our strategic partnership with the BOI, leveraging Citi’s unique global footprint to connect high-quality, strategic investment opportunities in Thailand, create opportunities in new growth areas, and reinforce the country’s position as a vital investment hub.”
Ms. Narumon Chivangkur, Citi Country Officer and Banking Head, Citi Thailand, added, “We have deep local expertise in Thailand and a long and proud history of helping multinational companies succeed here. This enhanced collaboration with the BOI will work to accelerate and attract investment into key national priority sectors, including the EV ecosystem and the digital economy. Beyond capital, it will strengthen Thailand’s long-term competitiveness by driving talent, knowledge and technology transfer, ultimately fueling sustainable economic growth.
The BOI reported a 37% growth in investment submissions into Thailand in the first half of 2026. Under the government’s policy, which positions investment as a key engine of economic growth in 2026, BOI has accelerated investment promotion through a series of initiatives, including the Thailand FastPass program, which aims to facilitate realized investments. These efforts also include the SkillBridge program, targeted support for priority industries, and stronger public-private collaboration to proactively develop the ecosystem and attract investment.
Through the collaboration with BOI, Citi will support multinational clients expanding into Thailand by providing comprehensive cross-border solutions to facilitate complex cross-border transactions through trade finance, foreign exchange, and treasury solutions, ensuring efficient global cash management and streamlined international operations. Citi will also provide domestic banking solutions, including working capital solutions, liquidity management, and cash management, all backed by direct connectivity with Thailand’s digital payment infrastructure to enable efficient, real-time transaction processing and optimal financial flows within the country.
Announcement on the increase of share capital by capitalization of part of the share premium reserve and concurrent reduction of share capital by return of cash to shareholders
“PIRAEUS BANK S.A.” (hereinafter referred to as “Bank”), informs the investment community that the Annual General Meeting of shareholders of April 21st, 2026, decided:
(a) the increase of the share capital of the Bank by €494,381,211.20, through capitalization of an equal amount of the existing share premium reserve through increase of the nominal value of each share of the Bank from €0.93 to €1.33, and
(b) the equivalent reduction of the share capital of the Bank by €494,381,211.20, through reduction of the nominal value of each share of the Bank from €1.33 to €0.93, and the distribution of the full amount of the reduction to the shareholders of the Bank as a cash payment, i.e. an amount of €0.40 per share.
Following the above increase and decrease of the share capital by an equal amount, the share capital of the Bank amounted to €1,149,436,316.04, divided into 1,235,953,028 common, registered voting shares, with a nominal value of €0.93 each.
On June 23, 2026, the decision of the Ministry of Development under protocol number 4087458 AP/23.06.2026 was registered with the General Commercial Register (G.E.MI.) with Registration Code 6090542, by virtue of which the respective amendment of article 25 (Historical Evolution of Share Capital) of the Bank’s Articles of Association was approved.
Euronext Athens was informed on 23.07.2026 of the increase and decrease of the share capital of the Bank by an equal amount effected through a corresponding increase and decrease of the nominal value of all shares of the Bank and the return of capital by cash payment to the shareholders amounting to €0.40 per share.
Following the above, from Monday, 03.08.2026 (Ex-date of the share capital return), the shares of the Bank will be traded on the Euronext Athens with a final nominal value of €0.93 per share and without the right to participate in the capital return in cash to shareholders amounting to €0.40 per share.
From the same date, the starting price of the Bank’s shares on Euronext Athens will be adjusted in accordance with the Euronext Athens Regulation in conjunction with decision no. 26 of the Board of Directors of Euronext Athens, as applicable.
Beneficiaries of capital return are shareholders registered with the Dematerialized Securities System (DSS) records on Tuesday, 04.08.2026 (record date – date of determination of beneficiaries).
Friday, 07.08.2026, is set as the starting date for the payment of the capital return (€0.40 per share).
The payment of capital return to the beneficiaries will be processed through the paying bank “PIRAEUS BANK S.A.”, as follows:
Through the Participants of the beneficiaries in the DSS (Banks, custodians and investment firms), in accordance with the provisions of the Operating Regulation of Euronext Securities Athens and the relevant decisions thereof.
Especially in cases of capital return payment to heirs of deceased beneficiaries, whose securities are kept in the Special Account of their Share in the DSS under the management of Euronext Securities Athens, the process will be carried out after the completion of the legitimation of their heirs, through “PIRAEUS BANK S.A.” branch network.
For further information, shareholders are requested to directly contact the Bank’s Shareholders’ Registry Department (contact numbers +30 210 3288737, +30 210 3335039 & +30 210 3739301).
CaixaBank breaks into the UK utilities sector with more than £3 billion of financing over the past year
CaixaBank, through its Corporate & Investment Banking division -CIB-, continues to drive its international growth in new sectors. In recent months, the bank has expanded into the UK utilities sector (electricity, gas and water) as part of its commitment to partnering with leading infrastructure companies on their long-term investment programmes.
Over the last twelve months (as of June 2026), CaixaBank CIB has provided more than £3 billion in financing to the sector. A significant proportion of this financing has been directed towards the electricity sector, with the remainder supporting investment programmes in the water and gas sectors.
The latest transaction is a bilateral £500 million credit facility with Scottish Hydro Electric Transmission plc (SHET), the electricity transmission company responsible for transmitting electricity across northern Scotland, representing CaixaBank’s largest bilateral financing transaction in the sector in the UK. The facility will support the company’s extensive investment programme to expand and modernise the UK’s electricity transmission network, a key component of the country’s energy transition ambitions and long-term energy security.
Among other transactions in the sector, CaixaBank CIB participated in a syndicated financing facility of more than €1.6 billion for Scottish Power to support the development and construction of owned smart electricity networks and also took part in a syndicated loan for the construction of the East Anglia Three offshore wind farm by Scottish Power Renewables.
All this shows CaixaBank’s commitment to financing essential infrastructure and accompanying clients through the energy transition and broader decarbonisation challenges. The UK utilities sector represents a strategic market, driven by substantial investment needs aimed at modernising networks, enhancing system resilience and supporting energy security objectives.
CaixaBank in the United Kingdom
CaixaBank has been present in the United Kingdom since 2003, when it opened its first representative office in London. In 2016, the bank obtained a banking license, converting the office into a branch authorized to provide a broad range of wholesale banking services, including short- and long-term financing, deposit-taking and international trade operations, among others.
In recent years, the branch has grown significantly and is expected to reach 54 employees by 2027, representing a 60% increase in headcount over the course of the 2025–2027 Strategic Plan, reaffirming its commitment to strengthening operations in key markets. The branch currently employs 43 people, ten more than at the beginning of 2025. As of year-end 2025, the branch had accumulated a total investment portfolio of €8 billion, up 48% compared with the previous year.
CaixaBank, a European benchmark in sustainability
CaixaBank is an institution with a strong historical commitment to the social impact of its activities and the responsibility to promote a positive economy that contributes to people’s well-being.
Through its 2025–2027 Sustainability Plan, which forms part of CaixaBank’s Strategic Plan, the bank has committed to mobilizing more than €100 billion in sustainable finance to continue advancing towards a more sustainable economy and to foster people’s economic and social development. This includes financing renewable energy projects, clean mobility initiatives and energy-efficient buildings; providing solutions that accelerate the sustainable transition of businesses and households; promoting financial inclusion; supporting education and employment; and addressing the challenges posed by increasing longevity.
Munich Re posts quarterly result of €2.2bn
Munich Re recorded a strong second quarter 2026. The Group’s preliminary net profit of approximately €2.2bn significantly surpassed analysts’ consensus estimate of €1.786bn* for Q2 2026.
This result was buoyed by pleasing operational performance overall and very low major-loss expenditure in property-casualty reinsurance. At the same time Munich Re delivered a very strong investment result, which also made a significant contribution to ERGO’s exceptional net earnings of approximately €0.3bn.
Based on the net result of approximately €3.9bn for the first six months, Munich Re is firmly on track to meet its net result target of €6.3bn for the 2026 financial year. Munich Re will provide final Q2 2026 results on 7 August 2026 as scheduled.
* Mean value derived from the estimates of 13 financial analysts.
Bank of Greece – Bank credit and deposits: June 2026
– The annual growth rate of total credit extended to the domestic economy increased to 5.0% in June 2026 from 4.6% in the previous month.
– The annual growth rate of total deposits increased to 8.8% in June 2026 from 8.1% in the previous month.
– Deposits placed by the private sector increased by €8,575 million in June 2026, compared with an increase of €5,313 million in the previous month.
I. Credit to the domestic economy
Τhe monthly net flow of total bank credit was positive by €3,501 million in June 2026, compared with a positive net flow of €1,644 million in the previous month.
Ι.1 Credit to the general government
In June 2026, the monthly net flow of bank credit to the general government was positive by €213million, compared with a positive net flow of €329 million in the previous month; the annual growth rate increased to 0.4% from 0.0% in the previous month.
Ι.2 Credit to the private sector
In June 2026, the annual growth rate of bank credit to the private sector increased to 7.7% from 7.4% in the previous month. The monthly net flow of credit was positive by €3,288 million, compared with a positive net flow of €1,315 million in the previous month.
Ι.2.1 Credit to corporations
In June 2026, the monthly net flow of bank credit to corporations was positive by €2,983 million, compared with a positive net flow of €1,285 million in the previous month, while the annual growth rate increased to 10.2% from 9.8% in the previous month. In particular, the annual growth rate of credit to non-financial corporations (NFCs) stood at 9.8% unchanged from the previous month; the monthly net flow was positive by €2,235 million, compared with a positive net flow of €427 million in the previous month. The annual growth rate of credit to insurance corporations and other financial intermediaries increased to 13.2% from 9.2% in the previous month; the monthly net flow was positive by €748 million, compared with a positive net flow of €858 million in the previous month.
Ι.2.2 Credit to sole proprietors and unincorporated partnerships
In June 2026, the monthly net flow of bank credit to sole proprietors and unincorporated partnerships was positive by €47 million, compared with a negative net flow of €9 million in the previous month; the annual growth rate stood at -2.6% from -2.0% in the previous month.
Ι.2.3 Credit to individuals and private non-profit institutions
In June 2026, the monthly net flow of bank credit to individuals and private non-profit institutions was positive by €258 million, compared with a positive net flow of €39 million in the previous month; the annual growth rate stood at 2.6% from 2.7% in the previous month.
II. Deposits by the domestic economy with the domestic credit institutions
In June 2026, the monthly net flow of total deposits was positive by €8,756 million, compared with a positive net flow of €5,063 million in the previous month.
ΙΙ.1 Deposits placed by the general government
In June 2026, deposits placed by the general government increased by €181 million, compared with a decrease of €249 million in the previous month; the annual growth rate decreased to -1.7% from 14.6% in the previous month.
ΙΙ.2 Deposits placed by the private sector
In June 2026, deposits placed by the private sector increased by €8,575 million, compared with an increase of €5,313 million in the previous month; the annual growth rate increased to 9.3% from 7.8% in the previous month.
ΙΙ.2.1 Corporate deposits
In June 2026, corporate deposits increased by €7,580 million, compared with an increase of €4,973 million in the previous month; the annual growth rate increased to 23.0% from 18.7% in the previous month. In particular, deposits from NFCs increased by €7,818 million, against an increase of €4.582 million in the previous month. Deposits placed by insurance corporations and other financial intermediaries decreased by €237 million, compared with an increase of €390 million in the previous month.
ΙΙ.2.2 Deposits placed by households and private non-profit institutions
In June 2026, deposits placed by households and private non-profit institutions increased by €995 million, compared with an increase of €340 million in the previous month; the annual growth rate stood at 4.3% from 4.1% in the previous month.
Notes:
1. The general government includes central government, local government and social security funds.
2. Deposits include repos.
3. The Bank of Greece is not included in domestic credit institutions.
Allianz SE announces Board of Management changes
The Supervisory Board of Allianz SE and Günther Thallinger have mutually agreed that Mr. Thallinger’s term as member of the Board of Management will conclude on December 31, 2026. Günther Thallinger joined the Allianz SE Board of Management in 2017, marking a ten-year tenure as a Board Member.
Simultaneously, the Board of Management of Allianz SE will be reduced from nine to eight members, reflecting the closer integration of capabilities across the Group and the resulting efficiencies achieved over recent years. The responsibilities previously held by Mr. Thallinger will be distributed among other members of the Management Board:
Andreas Wimmer, Member of the Management Board of Allianz SE in charge of Asset Management and US Life Insurance, will assume additional responsibility for the Allianz Group’s proprietary investments (Allianz Investment Management SE).
Upon joining the Allianz SE Board on January 1, 2027, Tomas Kunzmann will assume responsibility for Global Health and Sustainability (ESG) in addition to his previously announced responsibilities for Asia Pacific, including India.
Jörg Schneider, Chairman of the Supervisory Board of Allianz SE, said:
“On behalf of the Supervisory Board, I would like to thank Günther Thallinger for his strong contribution to the success of Allianz. Under his leadership, Allianz has strengthened its position as a trusted investor for the benefit of its policyholders, and has shaped a leading sustainability ambition for the benefit of all of its stakeholders.”
Oliver Bäte, Chief Executive Officer of Allianz SE, said:
“Günther Thallinger has distinguished himself with passion and dedication in every executive role he has held at Allianz, striving to advance the interests of customers, investors, colleagues and society as a whole. He has earned the respect of a wide range of stakeholders with his integrity, his long-term perspective and his ability to build strong partnerships that create shared and lasting value.
Our future Board will combine a deliberately lean structure and a broad range of experience, backgrounds, and perspectives. It will continue to work across disciplines to create value for our customers, whose needs for protection, retirement solutions, and advice are growing every day in an increasingly complex and uncertain environment.”
Günther ThallingerMember of the Board of ManagementAllianz SE
Andreas WimmerMember of the Board of ManagementAllianz SE
Tomas KunzmannCEO of Allianz Partners until Dec. 31, 2026Member of the Board Allianz SE as of Jan. 1, 2027
Eurobank: Announcement date of the 2Q 2026 Results
Eurobank S.A. informs the investment community that the announcement for the 2Q 2026 Results will take place on Thursday, 30 July 2026.
On the same day a conference call for the presentation and discussion of results is scheduled to follow at 18:00 Greek time.
NBG – Announcement Date & Time of 2Q26 Results
National Bank of Greece will announce 2Q26 results on Thursday, July 30, 2026, after market close.A conference call for the presentation and discussion of the results is scheduled at 19:00 (GMT +3:00) on the same day.
Leadership changes at Ecclesiastical Insurance
Helen Richards has been appointed Group Organisational Resilience Director. Helen joined Ecclesiastical as a graduate trainee in 2007 and has built her career within the business over the past 19 years. Having held leadership roles across underwriting, customer service and operations, she most recently served as Church Operations Director. She brings significant operational and leadership experience to a role that is central to supporting the Group’s resilience and regulatory objectives.
Jeremy Trott has been appointed Church Operations Director, succeeding Helen Richards in the role. He will lead Ecclesiastical’s Direct operation, which supports a significant portfolio of long-standing customers.
Jeremy joined Ecclesiastical as Claims Director in 2020, bringing extensive leadership experience from the insurance sector. Over the past five and a half years, he has successfully led the claims function, helping to strengthen customer outcomes and further enhance the company’s claims proposition. He will work closely with Benefact Group Church Relationship Director, Michael Angell, to continue delivering outstanding service and support to church customers. Andrew Henner has been appointed interim Claims Director. Andrew joined Ecclesiastical in 2017 and currently serves as Head of Technical Claims for Property and Liability. He has played a key role in developing the company’s technical claims expertise and supporting the delivery of excellent outcomes for customers. A highly respected claims leader, he will lead the claims function, ensuring continuity and continued focus on delivering excellent customer service. Jeremy and Andy are both members of Ecclesiastical’s UK Leadership Team.
“These appointments demonstrate the strength of talent we have within Ecclesiastical. Helen’s journey from graduate trainee to Group Organisational Resilience Director is a fantastic example of the opportunities available within our business. Alongside Jeremy and Andy, who both bring extensive experience and expertise to their new roles, I’m delighted to see all three take the next step in their careers with us.”
Richard Coleman, Ecclesiastical UK Managing Director
Arthur J. Gallagher & Co. Acquires W.N. Tuscano Agency, Inc.
Arthur J. Gallagher & Co. announced that its U.S. wholesale brokerage, binding authority and programs division, Risk Placement Services, Inc. (RPS), has acquired Greensburg, Pennsylvania-based W.N. Tuscano Agency, Inc. (Tuscano). Terms of the transaction were not disclosed.
Tuscano is a managing general agency (MGA) and wholesale insurance broker for independent agents in western Pennsylvania. The Tuscano team, led by Robin Tuscano, will remain in their current location under the direction of Steve Levin, Northeast Region leader for RPS.
“Tuscano is a highly regarded agency that complements our market expertise and further expands our wholesale capabilities in Pennsylvania,” said J. Patrick Gallagher, Jr., Chairman and CEO. “I am delighted to welcome Robin and his associates to our growing, global team.”
Arthur J. Gallagher & Co. (NYSE: AJG), a global insurance brokerage, risk management and consulting services firm, is headquartered in Rolling Meadows, Illinois. Gallagher provides these services in approximately 130 countries around the world through its owned operations and a network of correspondent brokers and consultants.