Emirates NBD Leads MENA in Sustainability Reporting with ISSB-Compliant Report; Eurozone Inflation Eases Slightly to 2.4% in February

Emirates NBD, a banking group in the MENAT region, published its first independent Emirates NBD Group 2024 IFRS S1 and S2 report. The report includes assurance of financed emissions and sustainability-related financial and climate-related disclosures for the Group and its subsidiaries. The report reflects the bank's commitment to integrating sustainability into financial decision-making. In Romania, Banca Transilvania (BT) finalized the acquisition of OTP Bank Romania in a record seven months, marking the fastest integration in its history. This consolidation strengthens the banking markets in both Romania and Moldova, where Victoriabank, part of the Banca Transilvania Group, is merging with BCR Chișinău. Eurozone inflation eased to 2.4% in February, slightly above expectations, with core inflation also slowing to 2.6%. The ECB is expected to announce another interest rate cut at its upcoming meeting.