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United Fintech Secures Strategic Investments From BNP Paribas and Citi Feb 27, 2024 02:11AM

BNP Paribas and Citi become the first institutional investors in United Fintech, a neutral Digital Transformation Platform.

LONDON--(BUSINESS WIRE)-- BNP Paribas and Citi have become the first institutional investors in United Fintech Group Limited (“United Fintech”), a neutral Digital Transformation Platform, as part of a strategic investment round led by Citi. United Fintech is also in advanced talks with other leading strategic investors to join its... (continue reading...)


Annual Report 2023 Feb 27, 2024 02:09AM
  • Core income increased by 66% to DKK 9,722m
  • Core expenses rose by 25% to DKK 6,103m
  • Loan impairment charges amounted to an expense of DKK 127m against an income of DKK 605m the year before
  • Net profit was up by 57% to DKK 5,904m
  • Earnings per share rose to DKK 89.3 from DKK 55.4
  • Capital ratio at 20.1%, of which common equity tier 1 capital ratio amounted to 16.9pp
  • The acquisition of PFA Bank A/S was implemented on 1 October 2023. PFA Bank will be merged into Jyske Bank on 8 June... (continue reading...)

Capital distribution policy from 2024 Feb 27, 2024 02:05AM

The Supervisory Board endeavours to distribute an annual dividend in the region of 30% of the shareholders’ result from fiscal year 2024. The annual dividend is to be supplemented by share repurchases contingent on Jyske Bank’s capital position.

Yours faithfully,    Jyske Bank  

Contact: Birger Krøgh Nielsen, CFO, tel. +45 89 89 64 44

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Oxa Deploys its Commercial Self-driving Software for the First Time as AV Shuttles Launch for Passengers in Florida, US Feb 27, 2024 02:06AM

Highlights

  • Oxa Driver software is due to launch in 8 passenger services in US and UK cities in 2024 as shuttling emerges as the best commercial ground for scaling Autonomous Vehicles (AVs).
    • Making Oxa the only UK exporter of deployment-ready self-driving vehicle software.
  • The AV software market for Passenger Shuttles and Industrial Logistics will be a multi-billion dollar a year opportunity as cities and businesses seek new ways to move people and... (continue reading...)

Broadcom Unveils Product Innovations across its Software-Defined Edge Portfolio for Telcos and Enterprises at Mobile World Congress 2024 Feb 27, 2024 02:04AM

BARCELONA, Spain, Feb. 27, 2024 (GLOBE NEWSWIRE) -- Mobile World Congress 2024 -- Today, VMware, recently acquired by Broadcom Inc., announced significant new developments across its 5G, SD-WAN, SASE and Edge Compute, collectively the Software-Defined Edge portfolio, to enable Communications Service Providers (CSPs) to modernize their networks and create new monetizable services. The new developments are also co-innovated with ecosystem partners and enable... (continue reading...)


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