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Finance

Finance

The International Bank Note Society (IBNS) has chosen the 50 Swiss Franc bank note as the winner of its “Bank Note of the Year Award” for 2016. The bank note, which depicts a hand holding a dandelion, was chosen after a tight voting process. The three runner ups were the Maldive Islands 1000 Rufiyaa, Argentina’s 500 Peso, and the Royal Bank of Scotland’s 5 Pound bank notes.

Together with these 4 finalists, the IBNS chooses what are considered to be, overall, the 18 best bank notes in the world in 2016.

Garanti Bank signed a residential mortgage covered bond agreement with IFC (International Finance Corporation), a member of the World Bank Group, with 5-year term maturity worth at USD 150 million equivalent to 540 million Turkish Lira. Garanti issued the first residential mortgage covered bond ever, which is IFC has invested the first time in Turkey as well. Garanti will use the fund to provide green mortgages for the purchases of energy efficient housing, helping to boost the development of green buildings in the country’s housing sector.

BBVA on New Horizons in trade finance

We have experienced the deepest global crisis since the Great Depression. Among the things that have changed - perhaps for good - is the way the financial sector now acts at  a global level to manage both credit and reputational risk. This has coincided with what amounts to a genuine explosion in technology, which has undoubtedly only just begun.

Ricardo Gómez Barredo, Director of Accounting & Supervisors at BBVA taught the Rafael Termes Lesson at the University of Navarra’s School of Economics. “A clear and fair regulatory framework will contribute to financial stability, innovation, customer protection and efficiency gains in the market,” he told the 27th class at the School of Economics and twelfth class receiving a dual degree in Law.