Smart Business Owner & Investor Seminar

The two events will provide business sellers and buyers with in-depth knowledge how to value a businesses and properly plan an exit or investment strategy.

I am truly surprised how many people attended, and how much interest there was.”

— Philip Forlenza, Attorney / Partner – Giordano. Halleran & Ciesla

WEST HARRISON, NY, USA, October 31, 2019 / — A Neumann & Associates, New Jersey, announced their next two Executive Series seminars “How To Value And Exit Your Business For Maximum Profit”. The two events will provide business sellers and buyers with in-depth knowledge how to value privately held businesses and how to properly plan an exit or investment strategy.

Topics include:

Business valuations that withstand negotiation pressures
• What is needed for a valuation and what are key ratios to value a business
• The right professional packages to attract capable, legitimate buyers
• How to qualify investors & sellers and which ones to avoid
• How to obtain a solid offer with the best deal structure for yourself
• What to do with Uncle Sam and what to look for in a closing attorney

The two events will be held at the Renaissance Hotel by Marriott, 80 West Red Oak Lane, West Harrison, NY, 10604 on November 7, 2019, and the Princeton Marriott at Forrestal, 100 College Road East – Princeton, NJ 08540 on November 14, 2019, both at 8:30 am to 12:30pm

(Lunch will be served)

Interested parties should contact Eileen Zengel for registration information or register at

Achim Neumann
A Neumann & Associates, LLC
email us here
Visit us on social media:

Closed Business Transactions

Source: EIN Presswire

Airline Financial CU & Spanish Lookout CU opt for Smart Solution’s Universa Premier Digital Core Banking Suite

Universa’s flexible, feature rich and cost-effective state-of-the-art suite of products
continues to expand its fintech influence

AURORA, ON, CANADA, October 31, 2019 / — Smart Solution continues to upscale its presence both at home in Canada as well as in Central America. It has recently signed on Airline Financial Credit Union (AFCU) in Ontario as well as Spanish Lookout Credit Union (SLCU) in Belize. These Credit Unions are slated to convert to Smart Solution’s Universa Premier Digital Core Banking Suite in 2020. The Universa software, being a state-of-the-art, browser-based digital banking platform, incorporates the latest and the best in technological advances. Both Airline Financial CU, which is dedicated to providing superior financial services to employees of the airline industry, and Spanish Lookout CU, which was formed to accommodate the financial needs of the expanding agricultural community in the Cayo District of Belize, are anxious to embrace the Universa suite of products and services to meet the growing number of financial and technical challenges faced by its respective members. As a leading fintech provider of banking and financial management solutions, Ontario-based Smart Solution is always pleased to offer its innovative products in Canada as well as in Central America, where SLCU has become Smart Solution’s second Universa client in Belize. With AFCU and SLCU having joined its ever-growing list of Universa clients, Smart Solution continues to enhance and solidify the reputation of Universa as one of the most prominent contenders in leading-edge banking platforms in Canada, the Caribbean and Central America.

Universa’s agile, rapid release development process enables Smart Solution to rapidly translate client business needs or new ideas into customizable system functionalities. Access to Universa’s highly configurable functionalities is under the client’s full control by means of Universa’s security framework. The possibilities for customization are endless and new additions are seamless.

“As we are coming up to our 70th year, we voted in June this year to open our bond to the rest of Ontario; we have two branches close to Lester B. Pearson International Airport including the brand new branch on Eglinton Avenue in the city of Toronto,” said Tracy Harris, CEO of Airline Financial Credit Union. She went on to declare: “Universa is a positive upgrade for us, allowing us to serve our members more efficiently and in more ways, and it will position us for future growth. Improvements to online banking and the mobile app will be immediate benefits to our membership.”

Cornelius Neufeld, General Manager of Spanish Lookout Credit Union commented: “We are looking forward to making the switch to the Universa Core System. Our current system makes new growth and development difficult; we are confident that making the switch to Universa will enable us to grow and provide our members with quality financial services in a profitable and competitive manner. Our decision to go with the Universa platform was based on the knowledge that Universa is able to provide tools that will serve our unique needs for the growth we aim to meet”.

“We are delighted that both AFCU and SLCU have chosen to migrate to our growing family of financial institutions using the Universa platform to support its client service strategies,” stated Iean Tait, President and CEO of Smart Solution. He added that, “while SLCU will use an in-house production strategy due to its location, we are pleased that AFCU chose to adopt our SaaS delivery model as the overall economics of choosing SaaS over in-house are undeniable as proven by the fact that 85% of our clientele have migrated to this model. By using Smart Solution’s SaaS-integrated private cloud architecture, clients not only enjoy enhanced Tier 1 security and safety, but also do not have to deal with the costs, resources and potential problem solving issues that in-house servers would require. Universa’s market penetration continues to accelerate with additional conversions scheduled for 2020 and beyond. Many institutions are looking for ways to keep up with new and emerging market technologies; the switch to Universa will provide them with the needed tools to meet those challenges and embrace the future.”

About Airline Financial Credit Union (AFCU)

The credit union was established almost 70 years ago, in 1950, by a group of dedicated individuals aimed on providing financial services for the employees of what was then known as Malton Airport servicing Toronto and the surrounding areas. Based on the spirit of co-operation, it was the beginning of a financial institution that is continually evolving to meet the needs of its members today. As the old airport expanded and grew into Lester B. Pearson International Airport, so did AFCU to the point where it is now opening its bond to the rest of Ontario.

About Spanish Lookout Credit Union (SLCU)

Established in 2018, SLCU offers financial services to its members in the community of Spanish Lookout, Cayo District, Belize. Offering checking, savings, and loans, the SLCU supports a large percentage of the local business and agricultural community with their financial needs.

About Smart Solution

For over 35 years, Smart Solution and its group of companies has provided innovative core banking systems and financial management solutions to Credit Unions, Banks, Trusts and other financial organizations worldwide. Smart Solution supports a diverse client base, including some of the top Canadian Credit Unions and innovative Banks. We pride ourselves on our attention to detail and on our team of qualified experts focused on providing exceptional service and support. Our strengths lie in our efficiency, our expertise, and our constant focus on innovation and rapid functionality improvements.

For more information:

Iean Tait, President & CEO
Smart Solution
+1 905-727-2565
email us here

Source: EIN Presswire

NAS Investment Solutions Announces New Real Estate Investment Opportunity in Prime New England Location

Walgreens Burlington Vermont - NAS Investment Solutions

NAS Investment Solutions (NASIS), a national sponsor of high-quality real estate investment properties, has introduced a new opportunity available to accredited investors.

Walgreens Burlington Vermont - NAS Investment Solutions

The investment opportunity from NASIS is highlighted by a projected 6.51% annual cash-on-cash return from a property occupied by an investment grade tenant, on a 16.5-year absolute triple net (NNN) lease.

Walgreens Burlington Vermont - NAS Investment Solutions

Built in 2010, the freestanding retail property is located in Burlington, Vermont. The 26,340 square-foot, 2-story building is leased to one of the oldest and largest pharmacy store chains in the nation and features a pharmacy drive thru window.

There is a strong demand for high quality real estate investments with investment grade tenants.”

— Karen E. Kennedy, President and Founder

BURLINGTON, VERMONT, USA, October 31, 2019 / — NAS Investment Solutions (NASIS), a national sponsor of high-quality real estate investment properties, has introduced a new opportunity available to accredited investors. The investment opportunity is highlighted by a projected 6.51% annual cash-on-cash return from a property occupied by an investment grade tenant, on a 16.5-year absolute triple net (NNN) lease.

Built in 2010, the freestanding retail property is located in Burlington, Vermont. The 26,340 square-foot, 2-story building is leased to one of the oldest and largest pharmacy store chains in the nation and features a pharmacy drive thru window.

The Property serves a densely populated area, with over 55,000 residents in a 3-mile radius. The local area is saturated with office and retail space with a 100% occupancy rate within a 1-mile radius from the Property. There are over 1.5 million square feet of office and retail inventory also within this radius, making this an extremely desirable submarket location with minimal opportunity for new developments.

National Asset Services (NAS), one of the Nation’s leading commercial real estate companies, will assume responsibilities for asset management and property management upon acquisition by NAS Investment Solutions.
“This opportunity already has an extremely high rate of interest as investors are identifying quality real estate as a viable alternative to investments subject to stock market fluctuations,” commented Karen E. Kennedy, President and Founder of NAS Investment Solutions and National Asset Services. “There is a strong demand for high quality real estate investments with investment grade tenants in strong growth submarkets such as Burlington.”

NAS Investment Solutions recently announced an expedited completion of an industrial office investment property opportunity in Syracuse, New York. An offering that sold all remaining equity in just six weeks from the date of acquisition.

The latest property investment opportunity is 1031 Exchange eligible and qualifies for self-directed IRAs. For more information, interested accredited investors may visit for more information or contact Karen E. Kennedy at 310.988.4240.

About National Asset Services (NAS)

Since 2008, NAS has served 2,495 investment clients and has established an impressive track record for investment property management. The track record includes generating over $535 million in cash distributions to property investors and managing a commercial real estate portfolio of 164 diverse commercial properties, comprised of 24.2 million square feet, in 29 states. The overall value of NAS’ managed portfolio in the company’s 11-year history, totals $3.28 billion.

NAS manages a wide range of diverse commercial real estate: Office, medical office, multifamily, retail, student housing, assisted living and industrial flex properties. The company manages solely owned and multi-owner properties. NAS offers a wide range of asset management capabilities. They include: Property management; project management; lease administration; acquisition and disposition services; real estate strategy analysis; long-range business objectives; monitoring changing market conditions; investor relations; real estate and investor accounting; loan modification and workout solutions; exit and hold strategies; leasing & marketing; tenant retention plans; research studies; site selections; feasibility studies; insurance risk management; capital improvement planning and tracking; property tax appeal services and cost segregation services.

Headquartered in Los Angeles, California, NAS operates regional offices in Orlando, FL and Austin, Texas.

About NAS Investment Solutions (NASIS)
NAS Investment Solutions was established to leverage National Asset Services’ vast experience in investment property management by identifying, acquiring and enhancing commercial real estate investments across all sectors of the real estate industry.

For more information about National Asset Services and NAS Investment Solutions, visit or

JW Robison
National Asset Services
+1 310-795-8985
email us here
Visit us on social media:

Walgreens Building NNN Lease Investment Opportunity

Source: EIN Presswire

Rong360 Jianpu Technology (NYSE:JT) Big Data Institute: Average Interest Rate on Housing Mortgage Rose Further by 1BP

Average Mortgage Trend Nationwide in the Most Recent Year

Average First-Home Mortgage Rate among First-tier Cities in October 2019

Average First-Home Mortgage Rate among Second-tier Cities in October 2019

Jianpu Technology (NYSE:JT)

BEIJING, CHINA, October 31, 2019 / —

I. Interest Rate: LPR quotation Remains Unchanged, and Average Interest Rate on Home Mortgage Nationwide Rose Further by 1BP

The monitoring data released by Rong360 Jianpu Technology Inc. (NYSE: JT) Big Data Research Institute shows that the average mortgage rate for first-time homebuyers nationwide in October 2019 was 5.52%, posting an increase of 1 basis point (BP) on a month-on-month (MoM) basis. Specifically, 67 BPs have been added above the 5-year LPR . The average mortgage rate for second-time homebuyers was 5.84%, posting an increase of 1 BP on a MoM basis. Specifically, 99 BPs have been added above the corresponding LPR level.

II. Cities: Uptrend Slowed Down from the Prior Two Months; the Mortgage Rates for First-time Homebuyers in Eight Cities Declined

On the whole, the upward trend of housing mortgage rates across China slowed down in October, and the mortgage rates for first-time homebuyers in eight cities declined. All first-tier cities were included in the list of ten cities with the lowest mortgage rates for first-time homebuyers, among which the housing mortgage rates of Beijing and Guangzhou slightly rose, while those of Shanghai and Shenzhen dropped. Fewer second-tier cities offered higher or the same mortgage rates for first-time homebuyers compared with the prior month: Zhengzhou and Nanning witnessed the most significant rises in October with the MoM rising by more than 10 BPs, and the number of cities with the mortgage rates for first-time homebuyers exceeding 6% increased to four: Nanning, Zhengzhou, Suzhou and Wuhan.

III. Banks: 45% of the Banks Raised Mortgage Rates in October; Most Banks Have Implemented the New LPR-based Housing Mortgage Policy

According to the monitoring data released by Rong360 Jianpu Technology Inc. (NYSE: JT) Big Data Research Institute, the absolute majority of 533 bank branches (sub-branches) in 35 cities have implemented the new LPR-based housing mortgage policy by the end of October. Excluding banks that have suspended the housing mortgage loan issuance, 238 bank branches (sub-branches), compared with 101 in September and accounting for 44.65% of the monitored bank branches (sub-branches), raised their mortgage rates for first-time homebuyers on a MoM basis; 79 bank branches (sub-branches), compared with 45 in September and accounting for 14.82% in the monitored bank branches (sub-branches), lowered their mortgage rates on a MoM basis; and 207 bank branches (sub-branches), compared with 389 in September, maintained the same mortgage rates as the prior month.

A significant increase is noted in the number of banks that raised the mortgage rates in October, while a significant decrease is noted in the number of banks that maintained the same mortgage rates as September. The reasons for such changes are: for one thing, the banks had limited credit lines and other inherent factors; for another, many banks’ previous actual housing mortgage rates based on benchmark interest rates were accurate to three decimal places, while after the implementation of the new housing mortgage policy, some banks rounded off the last decimal place of the housing mortgage rate in order to be consistent with the number of decimal places of LPR for Base Point addition (accurate to two decimal places), which was equivalent to a rise by 0.5 BP.

According to the data, however, in addition to Shanghai that is specially allowed to offer the mortgage rate for first-time homebuyers that is lower than LPR, more than a dozen banks in Guangzhou, Shenzhen, Tianjin, Shanghai and other places still offer mortgage rates for second-time homebuyers that is below the lower limit under the new policy, and these banks are likely to adjust their mortgage rates later.

IV. Trend: The LPR-based New Policy Has Been Implemented by Most Banks; the Housing Mortgage Rates Are Unlikely to Drop before 2020

By the end of October, 35 key cities across China have basically determined the lower limit for BP addition and transited from the old policy to the new one. Compared with October 8, the first day of the official implementation of the new mortgage policy, when only less than half of the banks monitored in Guangzhou have implemented the policy, now all of the 23 monitored banks have implemented the new policy. All the banks in second-tier cities have implemented the new policy and preliminarily transited to the new policy. It is just that they are less prepared for the quotation method compared with the banks in first-tier cities and still need some time to transit from forced BP addition to the positive adjustment.

The actual mortgage rate in October maintained the upward trend of the four prior months but slowed down, and more cities offered lower rates. It has been initially verified that the housing mortgage level has not been significantly impacted by LPR in the short term. Therefore, the subsequent adjustment of LPR is unlikely to cause large fluctuations of mortgage rates. Considering that banks would tighten the credit lines in the last two months of the year, it is expected that the mortgage rate will still rise slightly or remain stable before the end of the year, and is unlikely to decline.

Disclaimer: The data in this report are obtained through public channels. Rong360 Jianpu Technology Inc. (NYSE: JT) Big Data Institute strives to be accurate and reliable, but does not guarantee the accuracy and completeness of these data, and does not assume legal responsibility arising from data problems. Any user who cites, reprints and distributes the report to third parties agrees that the risks and consequences of the data issue are entirely at their own risk.

Copyright Announcement: In order to protect the legitimate rights of the author and Rong360 Jianpu Technology Inc. (NYSE:JT) Big Data Institute

Di Wang
Jianpu Technology
10 8262 5755
email us here
Visit us on social media:

Source: EIN Presswire

The Global Pole Saw Market to Reach Revenues of over $700 Million by 2024 – Market Research by Arizton

Global Pole Saw Market Overview 2024

Global Pole Saw Market Overview 2024

Best Market Research Report by Pole Saw Market

Arizton Advisory and Intelligence

The global pole saw market is expected to grow at a CAGR of over 5% during the period 2018−2024.

The increasing shift toward eco-friendly products, which are easy to operate, maintain, and manage is expected to increase demand for electric-powered equipment in the residential sector.”

— Lilien, Sr consultant

CHICAGO, IL, UNITED STATES, October 31, 2019 / — Pole Saw manufacturers are introducing well-engineered products that offer enhanced performance and productivity. Hence, the increasing demand for technologically advanced products among professional users is expected to open avenues for the global pole saw market during the forecast period. The availability of electric-powered equipment, which decreases soil spillage frequency and hassle of gas volatility, is likely to widen the scope for sustainability.

Government initiatives to cope up with global warming, increasing demand for gardening equipment and improving technological innovations are the factors that are likely to contribute to the growth of the pole saw market during the forecast period.

The study considers the present scenario of the pole saw market and its market dynamics for the period 2018−2024. It covers a detailed overview of several market growth enablers, restraints, and trends. The market study includes insights on segmentation fuel type (Gas-powered, electric-powered, and battery-powered), application (residential users & commercial users), products (standard and telescopic), distribution channel (retail and online)and geography (North America, Europe, MEA, APAC, and Latin America). The report covers both the demand and supply aspect of the market. The study profiles and examines leading companies and other prominent companies operating in the market.

Request your free sample today!

Key Highlights Offered in the Report:
1. The global pole saw market is expected to realize an absolute growth of 36%  a leap of about $200 million revenue between 2018 and 2024.
2. North America and Europe remain the most promising regions with significant growth opportunities for vendors in the next five years. The adoption of garden equipment in APAC remains slow, despite huge potential. The APAC market is expected to grow at a low CAGR.
3. Owing to low prices of electric models, professional users are shifting to gas-powered devices. Thus, electric and battery-operated pole saws are likely to grow at a CAGR of over 5% during the forecast period.
4. Eco-friendly options with reduced noise levels and high efficiency are witnessing traction in developed countries. Vendors such as Husqvarna are investing revenues in the development of less carbon footprints models.
5. The introduction of innovative features such as anti-vibration solutions and adjustable chain tensioning systems remains key focal points for vendors to boost demand during the forecast period.
6. Manufacturers are also emphasizing on product expansion through online portals. Omni-channel strategies remain at the center of strategy formulation around pole saw marketing.

Key Offerings:
• Market Size & Forecast by Revenue | 2018−2024
• Market Dynamics – Leading trends, growth drivers, restraints, and investment opportunities
• Market Segmentation – A detailed analysis by products, fuel type, end-user, distribution channel, and geography.
• Competitive Landscape – Profile of 4 key vendors and 23 other vendors.

Looking for more information? Download a free sample here.

Pole Saw Market – Segmentation

• Standard pole saws are expected to account for the majority share in the pole saw market during the forecast period. The growing trend of purchasing outdoor power equipment and tools is expected to augur well for the standard segment.
• Gas-powered pole saws are likely to witness spurt in demand as they are more powerful than electric and battery versions. However, the market for battery-powered pole saw is expected to witness growth due to the improvements in battery technology
• The wide application of electric-powered devices for trimming branches, sprucing up trees, and cutting small logs is likely to drive the residential segment.

Market Segmentation by Fuel Type
• Gas-powered
• Electric-powered
• Battery-powered
Market Segmentation by Products
• Telescopic
• Standard
Market Segmentation by Application
• Residential Users
• Commercial Users
Market Segmentation by Distribution Type
• Online
• Retail

Pole Saw Market: Geography

Increased technological advancements and product expansion are expected to drive the market in North America. The growing demand for technologically advanced, well-designed as well as automated tools are gaining prominence among residential as well as commercial users. Innovative techniques for saving energy cost as well as time is expected to open avenues for varied gardening equipment, and tools in the North American pole saw market.
The Europe market is characterized by high demand for electric-powered equipment. Western European economies are witnessing product saturation, as there is low product differentiation in the market. However, the new demand is expected to come from Central and Eastern European countries. Also, the demand for landscaping services in Europe is expected to witness considerable rise during the forecast period.

Market Segmentation by Geography
• North America
o US
o Canada
• Europe
o Germany
o UK
o Italy
o France
o Nordic Countries
o China
o Japan
o Australia and New Zealand
o South Korea
• Latin America
o Mexico
o Brazil
o Argentina
o South Africa
o Saudi Arabia

Key Vendors Analysis

The pole saw market has a high degree of concentration with leading vendors accounting for the majority of the market share. The industry competition is further expected to increase due to the growing emphasis on developing advanced, cost-effective technology and products. Currently, market players are adopting several energy-efficient products due to the increase in environmental consciousness. Manufacturers are identifying different market opportunities, thereby setting up certain goals to achieve productivity and sustainability.

Key Vendors
• Husqvarna Group
• Silky Saws
• STIGA Group

Other Prominent Vendors
• American Lawn Mower
• Briggs & Stratton
• Cobra Garden Machinery
• Ego Power
• Einhell Germany
• Emak
• Gaus Co. Ltd.
• Generac Power Systems
• Globe Tools Group
• Lowe’s Corporation (Kobalt)
• Mitox Garden Machinery
• MTD Products
• Pellenc
• Positec Tool Corporation
• Robert Bosch Group
• R&R Products
• Snow Joe
• Stanley Black & Decker
• Techtronic Industries (TTI)
• Wen Products
• Yamabiko Corporation
• Yard Force (Merotec)
• Zhejiang Zomax Garden Machinery

Arizton Advisory & Intelligence
+1 3122352040
email us here
Visit us on social media:

Source: EIN Presswire

Alpaca and Passiv Partner, Enabling Anyone to Build Their Own Personalized Robo-Advisor Service

Alpaca works with Passiv

Alpaca works with Passiv

Alpaca logo

Passiv logo file

Passiv logo file

Alpaca Accelerates Its Community-Driven Approach to Create a Developer-First Investing Infrastructure

Passiv building a robo-advisor product with Alpaca API proves our unique community-driven approach and brings us one step closer to our vision of creating a developer-first investing infrastructure”

— Yoshi Yokokawa

SAN MATEO, CA, USA, October 30, 2019 / — Alpaca ( is announcing its partnership with Passiv (, an index investing platform that helps self-directed investors build and manage personalized portfolios at online brokerages. Alpaca’s users can now build their own personalized indexes or replicate their robo-advisor portfolios and invest at the commission-free API-first stockbroker without having to write a line of code. Securities are offered through Alpaca Securities LLC, a FINRA registered broker-dealer.

“We’re very excited to see Passiv building a robo-advisor product on top of our platform. This proves Alpaca’s community-driven approach and brings us one step closer to our vision of creating a developer-first investing infrastructure,” added Yoshi Yokokawa CEO, Alpaca. “We plan on working closely with Passiv in the future to further support their feature development on Alpaca’s infrastructure.”

With major US online stock brokerages like Charles Schwab, TD Ameritrade, E*Trade, and Fidelity dropping their trading commissions, it raises the question of how these brokerages plan to differentiate themselves. Lee Young believes that having open APIs and faster processes for vetting and partnering with companies like his could be one part of the solution.

“It’s really hard to get access to online brokers’ APIs and not all APIs are of good quality. In my opinion, brokerages will need to get better at partnering, improving their APIs and also curating the right tools for users if they want to compete,” said Lee Young. “Our developers were elated by how easy it was to integrate with Alpaca. Personally, I was impressed by their responsiveness and openness to making significant improvements to their API to accommodate us.”

Traditionally, investing at online brokerages required their customers to use spreadsheets to help them manage their investments and go through a manual process when buying and selling shares. In the case of Alpaca’s users, they use self-coded algorithms to help them manage their investments. Now Alpaca’s users who don’t want to write code can safely link their accounts to Passiv via Alpaca’s API, build their portfolios and use Passiv’s software to help them keep their portfolio balanced.

To learn more, contact Alpaca at

About Alpaca.
Alpaca ( is a Silicon Valley based developer-first API stock brokerage that modularizes the world’s investing activities. The company’s products enable anyone to build and connect applications and algorithms to buy and sell stocks with zero commissions. The company is backed by some of the top investors in the industry globally including Spark Capital, Social Leverage, Y Combinator, and Portag3. Securities are offered through Alpaca Securities LLC.

About Passiv
Passiv ( is a Canadian fintech startup headquartered in New Brunswick, Canada. Passiv specializes in building easy-to-use portfolio management tools for self-directed investors. The company’s mission is to empower more people to manage their wealth at online stock brokerages. The company is currently partnered with Alpaca and Questrade, a Canadian online brokerage.

Yoshi Yokokawa
AlpacaDB, Inc.
+1 669-257-2221
email us here
Visit us on social media:

Source: EIN Presswire

Fibank profit amounts to BGN 162 million before impairment and taxes

Fibank Head Office

Fibank Head Office

SOFIA, BULGARIA, October 30, 2019 / — At the end of September 2019 First Investment Bank’s net profit amounts to BGN 64.7 million, marking growth by 4.15% (BGN +2.5 million) compared to September 2018. The Bank’s assets total at BGN 9.626 million, increasing by BGN 389 million compared to December 2018. Since the beginning of 2019 the Bank has extended BGN 345 million of new loans, which is an increase by 6.24%. Fibank achieves significant growth in lending to private individuals by 12.95% and in SME (companies with revenues of up to BGN 15 million per year) lending by 10.33%.

At the beginning of 2018 First Investment Bank announced its new strategy focused on SME and retail lending. The Bank’s results show that this was a step in the right direction – over the past 21 months these portfolios have grown by over 35%. Since the beginning of the year the savings from private individuals and companies have increased by BGN 380 million, and since the implementation of the new strategy – by about BGN 1 billion. The income from banking operations totals at BGN 267 million, and the pre-provisioning profit amounts to BGN 162 million.

During the first half of 2019 six Bulgarian banks (including Fibank) were subjected to comprehensive assessment by the ECB with relation to Bulgaria’s request to establish close cooperation with the ECB dated 18.07.2018 and the country’s willingness to joint the Eurozone “waiting room” (ERM II). First Investment Bank, being the largest Bulgarian-owned bank and the second in terms of lending to Bulgarian business, acted responsible vis-à-vis its customers and shareholders. During the third quarter Fibank reviewed its loan book thoroughly for compliance with the ECB methodology (used for the comprehensive assessment) and the International Financial Reporting Standards (IFRS) (mandatory for implementation in the financial reporting of banks). As a result, at the end of September 2019 additional impairments costs of BGN 66 million (compared to June 2019) were accrued. Thus, the Bank has reflected through its accounting records a more conservative approach to credit risk assessment, in the wake of the asset quality review.

As at 30 September 2019 First Investment Bank complies with all regulatory capital requirements, its overall capital adequacy ratio being 18.01% and its CET1 adequacy ratio 15.07%.

Ivailo Alexandrov
Fibank (First Investment Bank)
+359 2 800 2753
email us here

Source: EIN Presswire

AMCD Supports the Protestors in Lebanon

Demonstrations in Beirut (photo credit: Shahen Araboghlian)

WASHINGTON, DC, USA, October 30, 2019 / — The American Mideast Coalition for Democracy supports the Lebanese demonstrators fully and shares in their hopes and demands for a democratic, sovereign state free from corruption, domestic militias, and foreign domination.

“The rampant corruption throughout Lebanon has facilitated Hezbollah’s control of the Lebanese government and military,” said AMCD co-chair, Tom Harb. “This corruption combined with Western sanctions against Hezbollah is now plunging the economy into collapse. As a result, the poverty rate in the country is skyrocketing. We receive reports from the suffering people daily.”

“The resignation of PM Hariri and his cabinet is welcome news,” continued AMCD co-chair, John Hajjar. “We urge the Lebanese Armed Forces to continue to keep the peace and to put down any violence forcefully, including the attacks on peaceful protesters by vicious Hezbollah thugs. Furthermore, we call on General Joseph Aoun, head of the Lebanese armed forces, to protect the people as they demonstrate for their just cause. And we demand full accountability for all those who have served in government and any related entities or parties who have looted the country for years.”

“We encourage all friendly nations to stand in support of the Lebanese people and their God-given rights to live in a free, prosperous nation that abides by the rule of law,” added AMCD vice-chair, Hossein Khorram.

“Hezbollah should be disarmed and the Iranian Revolutionary Guard expelled from the country so that the people can finally be free from their corrupt domination,” continued Mr. Harb. "We fear that Hezbollah may exploit the current crisis to tighten its grip on Lebanon and suppress the will of the people. We call on the US, France and other Western nations to take any and all steps to prevent this from happening."

Rebecca Bynum
The American Mideast Coalition for Democracy
+1 615-775-6801
email us here

Source: EIN Presswire

IBG sets up new office in Malaysia.

KUALA LUMPUR, MALAYSIA, October 30, 2019 / — 24th November – More than 100 business partners and investors of US-based firm Inter Blockchain Group (“IBG”) gathered in Kuala Lumpur as IBG officially opened their first Asian office in celebratory fashion. IBG Chief Executive Officer Harris White graced the opening event with a ribbon-cutting ceremony accompanied by a traditional “Lion Dance” performance to commemorate the event.

Guests who attended the event included representatives of major investors from Japan, China, Thailand, and Korea. Also, in attendance were local councilmen and delegates who congratulated IBG on their successful office opening and expansion in Asia.

The office will serve as IBG’s Asia Investor Relations Headquarters and will support its expansion plans to meet the growing demand for blockchain investments and to build on IBG’s presence in Asia.

In his opening address, White emphasized on IBG’s vision to become a global leader in blockchain innovations and plans for the KL office to become an educational hub to increase blockchain awareness in Asia.

“We are committed to fostering strong relationships with and a better understanding of our clients, so we are better placed to provide solutions or alternative offerings to serve the market’s needs. This office will be crucial to our forthcoming Asian expansion plans” White added.
This was followed by a detailed presentation where IBG staff presented a glimpse of the company’s upcoming projects, events, and business targets to enthusiastic applause.

As the presentation came to a conclusion, guests were ushered to the afterparty where everybody had a chance to mingle around in a lighter mood. IBG executives such as Chief Finance Officer Sofia Valdez and Chief Security Officer Martin Anderson were also in attendance to support the event.
The day rounded off with much laughter and new bonds created over a shared vision for the future success of IBG.

Sean Riff
Global News&Media
email us here

Source: EIN Presswire

The Radicati Group Releases “Secure Email Gateway – Market Quadrant 2019”

A competitive analysis of Secure Email Gateway vendors revealing Top Players, Trail Blazers, Specialists and Mature Players

Email Security solutions are the main front of defense against cyberattacks”

— Sara Radicati

PALO ALTO, CA, USA, October 30, 2019 / — The latest market brief by The Radicati Group, “Secure Email Gateway – Market Quadrant 2019” provides a competitive analysis of the Secure Email Gateway market. Secure Email Gateway solutions are software, appliances, or cloud services that help protect organizations from email malware, phishing/spear-phishing attacks and help prevent data loss.

Secure Email Gateway vendors evaluated in this Market Quadrant include: Barracuda Networks, Cisco, Clearswift, Forcepoint, Kaspersky, Microsoft, Mimecast, Proofpoint, Retarus, Sophos, Symantec, Trend Micro, and Trustwave.

Radicati Market QuadrantsSM look only at market leaders. Leading vendors are ranked based on a four quadrant system, which includes “Mature Players,” “Specialists,” “Trail Blazers,” and “Top Players” quadrants. Vendors are positioned based on their market share and the functionality of their solution. Radicati Market QuadrantsSM provide a comparative viewpoint of the market, and an analysis of each vendor, including both strengths and weaknesses.

To order a copy of the study, or for additional information about our research, please visit our web site at or contact us at 650-322-8059.

About The Radicati Group, Inc.

The Radicati Group covers all aspects of email, security, social media, instant messaging, information archiving, regulatory compliance, mobile, web services, unified communications, and more. The company provides both quantitative and qualitative information, including detailed market size, installed base and forecast information on a worldwide basis, as well as detailed country breakouts.

The Radicati Group advises corporate organizations to assist them in selecting the right products to fit their business needs, and also works with vendors to define the best strategic direction for their products. The Radicati Group also works with investment firms on a worldwide basis to identify and assess new investment opportunities.

The Radicati Group, Inc
+1 650-322-8059
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Source: EIN Presswire