Tag Archives: Pakistan

Gemalto preliminary first semester results and 2017 outlook revision

Amsterdam, July 21, 2017 – Based on its preliminary first semester results, Gemalto (Euronext NL0000400653 – GTO) revenue for second quarter is €742 million, lower by 9% at constant exchange rates compared to the same period of 2016. For the first semester, the Company profit from operations is in line with expectations at approximately €93 million.

Looking ahead, the second quarter double digit decline for Payment in Americas and SIM business is anticipated to continue for the rest of the year. This decline will be offset by the expected revenue acceleration in Enterprise, Machine-to-Machine and Government Programs including 3M Identity Management Business, leading to a stable revenue year-on-year for the second semester.

Taking into account these revenue trends, the operating leverage of Payment and SIM businesses will not be realized as expected. The effect of the the transition plan announced in April is anticipated to start contributing materially towards the end of the year. Gemalto estimates its 2017 second semester profit from operations to be between €200 million and €230 million.

As a result of the deteriorated prospects for the removable SIM market, the Company is expected to book a non-cash goodwill impairment charge of approximately €420 million in the first semester of 2017.

The Company will provide further details when it publishes its first semester results on September 1, 2017.

* All figures in this press release are unaudited.

Investor Relations Corporate Communication Media Relations Agency
Winston Yeo Isabelle Marand Suzanne Bakker
M.: +33 6 2947 0814 M.: +33 6 1489 1817 M. : +31 6 1136 8659
winston.yeo@gemalto.com isabelle.marand@gemalto.com suzanne.bakker@citigateff.nl
Sébastien Liagre
M.: +33 6 1751 4467
sebastien.liagre@gemalto.com

This press release contains inside information as referred to in article 7 paragraph 1 of Regulation (EU) 596/2014 (Market Abuse Regulation).

About Gemalto

Gemalto (Euronext NL0000400653 GTO) is the global leader in digital security, with 2016 annual revenues of €3.1 billion and customers in over 180 countries. We bring trust to an increasingly connected world.

From secure software to biometrics and encryption, our technologies and services enable businesses and governments to authenticate identities and protect data so they stay safe and enable services in personal devices, connected objects, the cloud and in between.

Gemalto’s solutions are at the heart of modern life, from payment to enterprise security and the internet of things. We authenticate people, transactions and objects, encrypt data and create value for software – enabling our clients to deliver secure digital services for billions of individuals and things.

Our 15,000+ employees operate out of 112 offices, 43 personalization and data centers, and 30 research and software development centers located in 48 countries.

For more information visit
www.gemalto.com, or follow @gemalto on Twitter.

This communication does not constitute an offer to purchase or exchange or the solicitation of an offer to sell or exchange any securities of Gemalto.

This communication contains certain statements that are neither reported financial results nor other historical information and other statements concerning Gemalto. These statements include financial projections and estimates and their underlying assumptions, statements regarding plans, objectives and expectations with respect to future operations, events, products and services and future performance. Forward-looking statements are generally identified by the words “expects”, “anticipates”, “believes”, “intends”, “estimates” and similar expressions. These and other information and statements contained in this communication constitute forward-looking statements for purposes of applicable securities laws. Although management of the Company believes that the expectations reflected in the forward-looking statements are reasonable, investors and security holders are cautioned that forward-looking information and statements are subject to various risks and uncertainties, many of which are difficult to predict and generally beyond the control of the Company, that could cause actual results and developments to differ materially from those expressed in, or implied or projected by the forward-looking information and statements, and the Company cannot guarantee future results, levels of activity, performance or achievements. Factors that could cause actual results to differ materially from those estimated by the forward-looking statements contained in this communication include, but are not limited to: trends in wireless communication and mobile commerce markets; the Company’s ability to develop new technology and the effects of competing technologies developed; effects of the intense competition in the Company’s main markets; challenges to or loss of intellectual property rights; ability to establish and maintain strategic relationships in its major businesses; ability to develop and take advantage of new software, platforms and services; profitability of the expansion strategy; effects of acquisitions and investments; ability of the Company’s to integrate acquired businesses, activities and companies according to expectations; ability of the Company to achieve the expected synergies from acquisitions; and changes in global, political, economic, business, competitive, market and regulatory forces. Moreover, neither the Company nor any other person assumes responsibility for the accuracy and completeness of such forward-looking statements. The forward-looking statements contained in this communication speak only as of the date of this communication and the Company or its representatives are under no duty, and do not undertake, to update any of the forward-looking statements after this date to conform such statements to actual results, to reflect the occurrence of anticipated results or otherwise except as required by applicable law or regulations.

Attachments: http://www.globenewswire.com/NewsRoom/AttachmentNg/2f9d9a10-431f-4191-8984-1125bfd427eb

‫شركة Gemalto توفر لحاملي بطاقات متاجر El Corte Inglés طريقة سهلة للتسجيل في محفظة Samsung Pay

شركة Gemalto توفر لحاملي بطاقات متاجر El Corte Inglés طريقة سهلة للتسجيل في محفظة Samsung Pay

  • المتجر الإسباني متعدد الأقسام يوفر السرعة والراحة المصاحبة لعمليات السداد عبر الهاتف الجوال لحاملي بطاقاته البالغ عددهم نحو 11 مليون شخص
  • حل Trusted Service Hub من شركة Gemalto يضمن التسجيل الآمن والسريع والسهل في خدمة Samsung Pay
  • تطبيق المدفوعات PURE يوفر لشركة Financiera El Corte Inglés* منظومة دفع مستقلة

أمستردام، 21 يوليو 2017 – تقوم شركة Gemalto، الرائدة على مستوى العالم في مجال الأمن الرقمي (والمسجلة في بورصة يورونيكست تحت الرمز NL0000400653 GTO)، بتمكين أكبر متجر إسباني متعدد الأقسام El Corte Inglés من أن يقدم لعملائه فرصة استكمال بطاقة مدفوعات المتجر الحالية بسهولة ويسر مع محفظة Samsung Pay الشهيرة للهواتف الجوالة. تجدر الإشارة إلى أن حل Trusted Service Hub (TSH) يضمن الانتقال السريع والآمن لخدمة الدفع عبر الهاتف لحاملي بطاقات El Corte Inglés. وهذه الخطوة الرائدة تجعل Financiera El Corte Inglés أول موفر بطاقات من القطاع الخاص في إسبانيا يتبنى خدمات  Samsung Pay.  ويعزز الحل القائم على تطبيق مدفوعات البطاقات البيضاء PURE الذي يتيح تكنولوجيا  EMV على بطاقات التسمية الخاصة، من الاستقلالية الكاملة لشركة التجزئة الإسبانية من خلال منظومة المدفوعات التي يقدمها.

إمكانية إنشاء البطاقات الرقمية Companion في التو واللحظة

 يمتلك بطاقة مدفوعات El Corte Inglés في الوقت الراهن ما يربو على 11 مليون مستهلك. وبالنسبة لهؤلاء المتسوقين فإن إنشاء بطاقة رقمية على محفظة Samsung Pay لن يتطلب أكثر من مجرد التسجيل على الإنترنت عن طريق منصة TSH لشركة Gemalto. تجدر الإشارة إلى أن منصة TSH لشركة Gemalto  توفر مجمل عملية التحويل الرقمي والترميز. وبعبارات أكثر بساطة، يستطيع حاملو بطاقات El Corte Inglés استبدال بيانات بطاقاتهم الفعلية بقيمة رقمية بديلة تُعرف باسم الرمز. ولا يتم تخزين سوى بيانات الرمز على الهاتف، مما يضمن حماية بيانات البطاقة الفعلية من المحتالين وإساءة الاستخدام.  وبالنسبة للعملاء، فإنهم يستفيدون من الراحة التي توفرها النسخة الرقمية من البطاقة لسداد مقابل السلع والخدمات، ويمكنهم مصادقة المعاملات بشكل لحظي وآمن من خلال نظام تحديد الهوية بالسمات البيولوجية.

 * Financera El Corte Inglésهي ذراع الخدمات المالية لمجموعة El Corte Inglés Group

نبذة عن Gemalto

Gemalto (المدرجة في بورصة يورونيكست تحت الرمز NL0000400653 GTO) هي الشركة الرائدة عالمياً في مجال الأمن الرقمي، بعائدات سنوية بلغت 3.1 مليار يورو في عام 2016 وعملاء في أكثر من 180 بلداً. نحن نحقق الثقة في عالم متزايد الترابط.

بدءً من البرمجيات الآمنة إلى البيانات البيومترية والتشفير، تمكّن تقنياتنا وخدماتنا الشركات والحكومات من التحقق من الهويات وحماية البيانات كي تبقى آمنة كما أنها تمكّن الخدمات في الأجهزة الشخصية، والكيانات المرتبطة والسحابة الحاسوبية وما بينها.

تقع حلول Gemalto في القلب من الحياة العصرية، من عمليات الدفع إلى أمن المؤسسات وإنترنت الأشياء. فنحن نتحقق من هوية الأشخاص، والمعاملات والكيانات، والبيانات المشفرة ونخلق قيمة للبرمجيات – بحيث نمكّن عملاءنا من تقديم خدمات رقمية آمنة لمليارات الأفراد والأشياء.

لدينا أكثر من 15,000 موظف يعملون انطلاقاً من 112 مكتباً، و43 مركزاً للتخصيص والبيانات، و30 مركز أبحاث وبرمجيات في 48 دولة.

للمزيد من المعلومات، قم بزيارة www.gemalto.com، أو تابعنا على تويتر عبر @gemalto.

مسؤولو الاتصالات الإعلامية في Gemalto:

شينتارو سوزوكي
آسيا باسيفيك
8266 6317 65+
shintaro.suzuki@gemalto.com

كريستيل تيراس
الشرق الأوسط وأفريقيا
89 57 01 55 1 33+
kristel.teyras@gemalto.com
فيليب بينيتيز
أمريكا الشمالية

لا يُعتبر نص هذا الإصدار الصحفي المُترجم صيغة رسمية بأي حال من الأحوال. النسخة الموثوقة الوحيدة هي الصادرة بلغتها الأصلية وهي الإنجليزية، وهي التي يُحتكم إليها في حال وجود اختلاف مع الترجمة

Gemalto offers El Corte Inglés store card holders an easy route to Samsung Pay

  • Spain’s biggest department store  brings the speed and convenience of mobile payment to its about 11 million cardholders
  • Gemalto’s Trusted Service Hub ensures secure, quick and easy registration to Samsung Pay
  • PURE payment application offers Financiera El Corte Inglés* an independent payment eco-system

Amsterdam, 21 July 2017 – Gemalto (Euronext NL0000400653 GTO), the world leader in digital security, is enabling El Corte Inglés, Spain’s biggest department store, to offer customers the opportunity to easily  complement their existing store payment card with the popular Samsung Pay mobile wallet. Gemalto’s Trusted Service Hub (TSH) ensures a swift and secure transition to the mobile payment service for El Corte Inglés card holders. The pioneering move makes Financiera El Corte Inglés the first private label card provider in Spain to adopt Samsung Pay.   The payment solution is based on PURE, a white label payment application which brings EMV technology to private label cards, reinforcing the Spanish retailer complete autonomy with its payment eco-system.

Companion digitized cards can be created in an instant

Over 11 million consumers currently hold an El Corte Inglés payment card. For these shoppers, creating a digital card on Samsung Pay will involve nothing more than a simple online enrolment powered by the Gemalto TSH platform. Gemalto’s TSH provides the entire digitalization and tokenization process. In simple terms, El Corte Inglés card holders can opt to replace the physical card’s credential with a substitute digital value known as a token. Only the token’s data is stored on the phone, ensuring that the real card credentials are protected from fraudsters and misuse. As for customers, they benefit from the convenience brought by the digital card to pay for goods and services and can authenticate transactions instantly and securely using biometrics.

*Financera El Corte Inglés is the Financial Services arm of El Corte Inglés Group

About Gemalto

Gemalto (Euronext NL0000400653 GTO) is the global leader in digital security, with 2016 annual revenues of €3.1 billion and customers in over 180 countries. We bring trust to an increasingly connected world.

From secure software to biometrics and encryption, our technologies and services enable businesses and governments to authenticate identities and protect data so they stay safe and enable services in personal devices, connected objects, the cloud and in between.

Gemalto’s solutions are at the heart of modern life, from payment to enterprise security and the internet of things. We authenticate people, transactions and objects, encrypt data and create value for software – enabling our clients to deliver secure digital services for billions of individuals and things.

Our 15,000+ employees operate out of 112 offices, 43 personalization and data centers, and 30 research and software development centers located in 48 countries.

For more information visit www.gemalto.com, or follow @gemalto on Twitter.

Gemalto media contacts:

Philippe Benitez
Americas
+1 512 257 3869
philippe.benitez@gemalto.com
Kristel Teyras
Europe Middle East & Africa
+33 1 55 01 57 89
kristel.teyras@gemalto.com
Shintaro Suzuki
Asia Pacific
+65 6317 8266
shintaro.suzuki@gemalto.com

Attachments:
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/9522914e-0781-4fb6-8a25-e5ff72c78820

Attachments:
http://www.globenewswire.com/NewsRoom/AttachmentNg/f259a341-422f-435b-9fc3-69b95871859d

Gemalto’s remote subscription management solution helps Lenovo customers be always connected

Amsterdam, 21 July, 2017 – Gemalto (Euronext NL0000400653 GTO), the world leader in digital security is delivering flexible connectivity for Lenovo smart devices across 160 countries. Lenovo has selected Gemalto as its preferred remote SIM provisioning provider for their Lenovo Connect service. With the On-Demand Connectivity and embedded SIM (eSIM) solution, there is no need to buy a separate SIM card or visit a store to activate the subscription.

“Lenovo Connect’s eSIM provides users with seamless smart connectivity experience across regions, devices, accounts, networks and borders.” said Dr. Wang Shuai, Vice President of Lenovo Group, General Manager of Lenovo Connect. We trust that Gemalto’s worldwide expertise of On-Demand connectivity will help us deliver enhanced customer experience when it comes to staying secure, connected and mobile internationally.”

“Lenovo Connect brings a new approach to connectivity when users can even share the same plan across devices”, said David Buhan, Senior Vice President Mobile and IoT Services at Gemalto. “Compatible with eSIM technology, Gemalto’s On-Demand connectivity solution ensures a seamless experience for connected consumers, which has become a basic need in our hyper connected world.”

About Gemalto
Gemalto (Euronext NL0000400653 GTO) is the global leader in digital security, with 2016 annual revenues of €3.1 billion and customers in over 180 countries. We bring trust to an increasingly connected world.

From secure software to biometrics and encryption, our technologies and services enable businesses and governments to authenticate identities and protect data so they stay safe and enable services in personal devices, connected objects, the cloud and in between.

Gemalto’s solutions are at the heart of modern life, from payment to enterprise security and the internet of things. We authenticate people, transactions and objects, encrypt data and create value for software – enabling our clients to deliver secure digital services for billions of individuals and things.

Our 15,000+ employees operate out of 112 offices, 43 personalization and data centers, and 30 research and software development centers located in 48 countries.

For more information visit www.gemalto.com, or follow @gemalto on Twitter.

Gemalto media contacts:

Philippe Benitez
Americas
+1 512 257 3869
philippe.benitez@gemalto.com
Kristel Teyras
Europe Middle East & Africa
+33 1 55 01 57 89
kristel.teyras@gemalto.com
Shintaro Suzuki
Asia Pacific
+65 6317 8266
shintaro.suzuki@gemalto.com

Attachments:
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/6cbe6ff6-d895-4495-a481-9e6cefc1d23a

Attachments:
http://www.globenewswire.com/NewsRoom/AttachmentNg/636fbc51-aa2a-481b-a325-e4239e27b281

‫بنك Union Bancaire Privée يكشف عن قوة نتائجه للنصف الأول من العام بزيادة في صافي الربح أكثر من 20% محققاً 110 ملايين فرنك سويسري

نتائج النصف الأول لعام 2017

جنيف، 20 يوليو 2017

  • بلغ صافي الربح 109.5 ملايين بنهاية يونيو 2017 مقارنةً مع 89.9 مليون فرنك سويسري بالعام الماضي محققًا زيادة قدرها 6%.
  • بلغ إجمالي الأصول تحت الإدارة 118.9 مليار فرنك سويسري في النصف الأول من السنة.

تعزيز النتائج بفضل قوة الأنشطة التشغيلية

شهدت الإيرادات التشغيلية ارتفاعًا بمقدار 12.5% سنوياً، حيث وصلت إلى 509.5 مليون فرنك سويسري بنهاية شهر يونيو 2017، مقارنةً بمنتصف عام 2016، عندما حققت 452.9 مليون فرنك سويسري. أما صافي هامش الفائدة، فقد ارتفع بنسبة 18.5% ليصل إلى 139.3 مليون فرنك سويسري، ويرجع الفضل في ذلك إلى ارتفاع سعر الفائدة على الدولار الأمريكي إلى جانب عدد من العوامل الأخرى. كما إن زيادة العمولات بنسبة تزيد عن 10% – برغم أن ذلك تدعمه قوة الأسواق – تبرهن على ارتفاع أصول العملاء الخاصة في التكليفات الاستشارية.

أما النفقات التشغيلية، فقد ازدادت بنسبة 9.9% خلال الفترة ما بين يونيو 2016 إلى يونيو 2017، مرتفعةً من 249.5 مليون فرنك سويسري إلى 323.7 مليون فرنك سويسري، إثر دمج أعمال Coutts في قارة آسيا، وذلك في أبريل 2016. فيما ساهمت الإدارة القوية للتكاليف لدى البنك في تحسين نسبة التكلفة/ الدخل (باستثناء الإهلاك والمخصصات) إلى 63.5% بنهاية يونيو 2017، بعد أن سجلت 67.9% بنهاية ديسمبر 2016.

وقد بلغت قيمة الربح التشغيلي 133.7 مليون فرنك سويسري بنهاية شهر يونيو، بعد أن كانت 110 ملايين فرنك سويسري في العام السابق، محققة بذلك زيادة قدرها 23 مليوناً (ما يعادل 21.2%).

وبقيت الأصول تحت الإدارة على المستوى ذاته محققة 118.9 مليار فرنك سويسري (كانت قد بلغت 118.3 مليار بنهاية عام 2016). ويُذكر أن الأداء القوي لتلك الأصول -التي كانت قد تعززت بفضل الظروف المواتية للسوق– لعبت دورًا في الحد من الآثار السلبية لأسعار الصرف على مدار النصف الأول من العام (-3.3 مليار فرنك سويسري). كما واصل قسم إدارة الأصول النمو على نحو طبيعي مع دخول تدفقات بلغت قيمتها في المجمل 1.6 مليار فرنك سويسري بنهاية يونيو. وهذه التدفقات الداخلة تعوض التدفقات الخارجة الناتجة من الموجة الأخيرة لبرامج تقنين الضرائب التي تؤثر في المقام الأول على العملاء من القطاع الخاص من أوروبا وأمريكا اللاتينية.

ظلت نسبة الشريحة الأولى ثابتة عند 26%، وهي نسبة أعلى بكثير من الحد الأدنى الذي تتطلبه اتفاقية بازل الثالثة والهيئة الرقابية السويسرية على الأسواق المالية (FINMA).

فيما صرح الرئيس التنفيذي لبنك (UBP) السيد جاي دي بيتشيوتو قائلًا ” أرقام النصف الأول من العام مبشرة للغاية. صحيح أننا استفدنا من ظروف السوق الإيجابية، إلا أن الجهد الكبير والتفاني من فريق العمل ليحظى عملاؤنا بحلول مبتكرة كان له دور كبير في تحقيق هذه النتائج القوية. كما أنها تعكس الاستثمارات الكبيرة التي تم ضخها مؤخراً في تعزيز قدرات فرق العمل وتبرهن على ديناميكية أنشطتنا بالقارة الآسيوية”.

للحصول على مزيد من المعلومات

برنارد شوستر

رئيس قسم الاتصالات بالمجموعة (المتحدث الرسمي)

الهاتف: 70 24 819 58 41 +

البريد الإلكتروني: bernard.schuster@ubp.ch

مود هاج

رئيس العلاقات الإعلامية

الهاتف: 27 75 819 58 41 +

البريد الإلكتروني: maude.hug@ubp.ch

نبذة عن Union Bancaire Privée (UBP)

يعد بنك UBP أحد البنوك الخاصة الرائدة في سويسرا، كما إنه من بين الأفضل من حيث امتلاك رؤوس الأموال، خاصةً وإنه مصنف ضمن الشريحة الأولى لرأس المال بنسبة 26% وذلك في 30 يونيو 2017. ويذكر أن البنك متخصص في مجال إدارة الثروات للشركات الخاصة والمؤسسات. يقع الفرع الرئيسي للبنك في مدينة جنيف ويعمل به 1694 موظفًا في أكثر من عشرين موقعًا حول العالم. وقد سجلت الأصول تحت الإدارة في 30 يونيو 2017 مبلغ قدره 118.9 مليار فرنك سويسري. (www.ubp.com)

المرفقات:
http://files.constantcontact.com/56276f0a501/cf7c0b89-0a33-4296-95d1-373f6a370ed4.pdf?ver=1500539260000

Union Bancaire Privée announces strong first half-year results; increasing net profit by more than 20% to CHF 110 million

Press release 

First half-year results 2017

Union Bancaire Privée announces strong first half-year results; increasing net profit by more than 20% to CHF 110 million

Geneva, 20 July 2017

  • Net profit at the end of June 2017 was CHF 109.5 million, up 21.6% from CHF 89.9 million a year earlier.
  • Assets under management totalled CHF 118.9 billion at the half-year.

Strong operational activity boosts results

Operating revenues grew by 12.5% year on year, from CHF 452.9 million at mid-year 2016 to CHF 509.5 million at the end of June 2017. The net interest margin increased by 18.5% to CHF 139.3 million supported, among other factors, by higher US dollar interest rates. The growth in commissions of more than 10%, although helped by the strength of the markets, also attests to the rising amount of private client assets in advisory mandates.

Operating expenses increased by 9.9% between June 2016 and June 2017, rising from CHF 294.5 million to CHF 323.7 million, due to the integration of Coutts in Asia which was finalised in April 2016. Strong cost management enabled UBP to improve its cost/income ratio (excluding depreciation and provisions), to 63.5% at the end of June 2017, compared with 67.9% at the end of December 2016.

Operating profit was CHF 133.7 million at the end of June, up from CHF 110.5 million a year earlier – an increase of CHF 23 million (21.2%).

Assets under management remained stable at CHF 118.9 billion (CHF 118.3 billion at the end of 2016). Strong performance of those assets, underpinned by favourable market conditions, made up for the negative effects of exchange rates during the first half of the year (CHF -3.3 billion). The Asset Management division continued to grow organically, with inflows totalling CHF 1.6 billion at the end of June. These inflows offset the outflows resulting from the latest wave of tax regularisation programmes, mainly impacting European and Latin American private clients.

The Tier 1 ratio, at 26%, remains well above the minimum requirement stipulated under Basel III and by the FINMA.

“The numbers from the first half of the year have been very encouraging. While we have benefited from positive market movements, the hard work and dedication of our teams in offering our clients innovative solutions have played a significant role in achieving this set of results. They also reflect the substantial investments we have recently made in strengthening our teams and demonstrate the dynamism of our activities in Asia,” said UBP’s CEO, Guy de Picciotto.

For any further information

Bernard Schuster                                                    
Group Head Communications (spokesman)                   
Tel.: +41 58 819 24 70, e-mail: bernard.schuster@ubp.ch

Maude Hug

Head of Media Relations

Tel.: +41 58 819 75 27, e-mail: maude.hug@ubp.ch

About Union Bancaire Privée (UBP)
UBP is one of Switzerland’s leading private banks, and is among the best-capitalised, with a Tier 1 capital ratio of 26% as at 30 June 2017. The Bank is specialised in the field of wealth management for both private and institutional clients. It is based in Geneva and employs 1,694 people in over twenty locations worldwide; it held some CHF 118.9 billion in assets under management as at 30 June 2017. (www.ubp.com)

Disclaimer

UBP is authorised and regulated in Switzerland by the Swiss Financial Market Supervisory Authority and is authorised in the United Kingdom by the Prudential Regulation Authority. UBP is subject to regulation by the Financial Conduct Authority and limited regulation by the Prudential Regulation Authority.

Attachments:
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BNP Paribas accused of anti-Semitism, violating Israeli anti-terrorism laws and committing forgery

Tel Aviv, Israel, 11 July 2017 – Ruth Agam, an Israeli national, filed a lawsuit against BNP Paribas, France’s largest bank, in the Tel Aviv District court, adding claims of fraud and deception to a host of other criminal allegations against the firm as well as anti-Semitic behaviour. Ms. Agam’s lawsuit accuses BNP of making her a victim of the bank’s misconduct including criminal activity such as forgery, fraud, and operating in Israel without a valid Israeli banking license.

The lawsuit accuses BNP of forging and manipulating documents as well as fabricating purportedly ‘signed’ documents that Ms. Agam states she never saw or signed. The lawsuit accuses the bank of manufacturing documents and thereafter using those documents to perform actions without her consent, resulting in substantial financial losses to Ms. Agam. The lawsuit accuses BNP of breaching explicit and express statutory duties under Israeli banking laws as well as committing several other criminal offences.
The lawsuit alleges serious anti-Semitic behaviour by the bank and its employees, and refers to BNP’s recent reported $40mn settlement with a Jewish employee who raised concerns about training materials which featured anti-Semitic content.

Recent controversies involving the French bank include being found guilty in 2014 of criminal charges in the US in connection with illegal financial transactions and was hit with a $8.9 billion fine. In her lawsuit, Ms. Agam also asserts a series of examples relating to BNP’s worldwide misconduct against the Jewish people in general, and the State of Israel. Furthermore, a recent complaint filed in France, against BNP by three human rights groups, accused the bank of war crimes and complicity in the Rwandan genocide of 1994, by providing finance to armed militias.

Adam Levitt, partner, US law firm, DiCello Levitt & Casey, who represents the Agam Family, said: “My client’s lawsuit is against an organisation that demonstrates a broader pattern of BNP’s global unlawfulness and its ongoing litany of poor choices, each one of which finds BNP siding with and supporting terrorist movements and hate groups around the world. These groups and countries advocate and promote the eradication of both the United States and the State of Israel.”

Dr. Yossi Cohen, a partner of the Tel Aviv-based law firm and Ms. Agam’s Israeli counsel said, “In my many years of experience, this case stands out due to its allegations of the extraordinary crimes and injustices BNP committed. Based on the evidence and testimony we have, and which we will present to the Court, BNP left no stone unturned to defraud and inflict significant damage upon my client- partially due to her faith and partially for its own greed.”

Ms. Agam has received many letters of support in her actions against BNP from Israel Members of Parliament MK Yehudah Glick, MK Aliza Lavie and MK Mordechai Yogev and Israeli Deputy Minister of Defence. Support has also been received from Member of the European Parliament, Lord William Dartmouth. The Israeli organisation for terrorist victims, Almagor, due to terrorist admission and convictions in the USA, has recently condemned BNP and consequently is demanding the Israeli Attorney General to enforce Israeli criminal and anti-terror law against the bank.

For media enquiries, please contact:
Luke Chauveau, Bell Pottinger lchauveau@bellpottinger.com
Nikhita Sethi, Bell Pottinger nsethi@bellpottinger.com