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Cuban banking system under strong US pressure Cuban banking system under strong US pressure Havana, Apr 8 (Prensa Latina) Official reports today consider that the banking and financial system of Cuba is under strong pressure from the United States, with losses that exceed 284.3 million dollars. A tweet from the Ministry of Foreign Trade and Investment (Mincex) of this island reflects such a problem that occurs amid outbreaks of the Covid-19 pandemic. The note reiterates the demand for a repeated global request to suspend said economic, commercial and financial restrictions of the blockade, which have already lasted for more than 50 years. The Cuban monetary system is headed by the Central Bank of Cuba, and is made up of nine commercial entities, 14 financial institutions (non-banking), nine foreign representation offices and four non-bank representation offices. ....
Changes at the top of KBC Group Subject to the approval of the Annual General Meeting of Shareholders on 6 May 2021, KBC Group will reshuffle its Executive Committee: Rik Scheerlinck, KBC Group CFO, who reached the statutory age limit in January 2021, will retire after a career of 37 years with KBC.
Luc Popelier, the current CEO of the International Markets Business Unit, will succeed Rik Scheerlinck as CFO and Executive Director of KBC Group. Luc will also oversee Markets and KBC Securities.
On the recommendation of the KBC Group Nomination Committee, the Board of Directors has appointed Peter Andronov, the current CEO of UBB and Country CEO for Bulgaria, to the Executive Committee and successor to Luc Popelier as CEO of the International Markets Business Unit. Peter will also oversee KBC Asset Management. ....