DUBLIN, Ireland—Thanks to regulatory changes coming this year, credit unions in Ireland will be able to offer mortgages, business loans, current accounts and debit cards, the Irish Independent reported.
THE globe
CU News From Around the Planet
MADISON, Wis.—The Global Women’s Leadership Network (GWLN) reported its 2023 Empowerment Grant initiatives supported over 760 individuals in Kenya and Mongolia, increased Kenyan farmers’ incomes by 20% and provided 112 Mongolian credit union leaders with training on sustainable finance, driving economic empowerment and sustainability in rural communities.
MADISON, Wis.—Fourteen representatives of the European Network of Credit Unions recently converged on Brussels, Belgium, to share the credit union mission with newly elected officials and advocate for regulatory relief from the European Commission’s Regulation on Financial Data Access.
KYIV, Ukraine— President Volodymyr Zelenskyy has signed new amendments to Ukraine’s Law on Credit Unions that eliminate the need for CUs to obtain a separate license to provide payment services and allow united credit unions to raise funds in foreign currencies.
BEIJING, China—China’s e-commerce market is anticipated to grow at a compound annual growth rate of 9.9% between 2024 and 2028 to reach $3.6 trillion in 2028, driven by the ongoing shift in consumer preference from offline to online shopping, a new study shows.
NEW YORK—The aggregate market capitalization of the top 25 global banks went up by 4% to $4.27 trillion quarter-on-quarter during the third quarter, Global Data reported.
DUBLIN, Ireland—Irish credit unions are taking a bigger step into the mortgage market.
MADISON, Wis.–The World Council of Credit Unions has introduced what it is calling an extended virtual learning opportunity format, WOCCU Workshops.
HONG KONG—The Hong Kong Monetary Authority (HKMA) has unveiled a project designed to evaluate the use of tokenization across different financial sectors according to a new report.
DUBLIN, Ireland–Mortgage lending at credit unions rose by 10% to €518 million in the three months ending in June, according to the latest quarterly report from the Irish League of Credit Unions.