Monetise PLC Volume Soares Yesterday


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PK:MONIF / OTC:BB:CWBK / PK:EGFEY
05/02/2014 [ACCESSWIRE]

Monetise PLC (OTCPINK: MONIF) share volume soared on May 1st, with 11,696,777 shares exchanging hands, four times higher than its three month average of 3,238,470 shares.

With no recent press releases, let us focus on what the company does.

Monitise PLC, based out of London, England, is a leading technology and services company that delivers mobile banking, payments, and commerce networks worldwide. Monitise enables financial institutions and other payments companies to defend and extend their market position by protecting their existing customer relationships and transactions while enabling new forms of mobile commerce revenue.

Monitise has a global reach. Monitise supports more than 300 financial institutions, serves over 20 million users worldwide and maintains strategic partnerships with leading companies such as Visa Inc., Visa Europe, RBS Group, and FIS to develop and implement Mobile Money services.

Monitise powers bank-grade solutions that are delivered on-premise or via cloud services, handling more than 2 billion transactions and processing payments and transfers worth over $31 billion on an annualized basis.

Monetise PLC closed 6% higher at $1.22, seven cents higher than its previous close of $1.15. 

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Commerce West Bank, N.A.’s (OTCQB: CWBK) volume scorched upwards with 41,050 shares exchanging hands, four times higher than its three month average of 11,231 shares.

This uptick in volume comes at the heels of the company’s recent press release along with key financial statistics for the first three months of 2014.

Some key financial results of 2014 include total assets growing $43.8 million as of March 31st 2014, an increase of 13% as compared to the same period one year ago.

"We are pleased with the Bank's ability to continue to grow loans while maintaining strong asset quality," said Mr. Ivo Tjan, Chairman and CEO. "There was also continued growth in non-interest bearing deposits, which are up 40% year over year with a 54% non-interest bearing to total deposit ratio. We have the right business model, operate in the right market place and are optimistic about our ability to generate a higher level of profitability this year by adding quality assets to our balance sheet."

Stockholders’ equity on March 31, 2014 was $53.8 million, an increase of 5% as compared to stockholders’ equity of $51.4 million a year ago.

Commerce West Bank, NA closed 2.2% higher at $13.49, 29 cents higher than its previous close of $13.20.

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EFG Eurobank Ergasias’s (OTCPINK: EGFEY) stock volume surged on May 1st with 2,288,663 shares exchanging hands, almost four times higher than its three month average volume of 586,990.

This uptick in volume comes with the recent news that Eurobank Ergasias has become the first major Greek bank to return to private investors.  According to Stelios Bouras of the Wall Street Journal, Eurobank Ergasias raised three billion euros in fresh capital on Tuesday. 

In addition, Moody’s revised its outlook on Greece's banking system to stable from negative, with expectations of a return to growth of the economy in 2014-15 supporting its view.

Eurobank Group is a European banking organization with total assets of € 77.6 billion. A pillar of the Greek banking system, Eurobank safeguards the savings of millions of depositors and finances the real economy. Moreover, Eurobank Group holds a strategic position in retail and business banking in Bulgaria, Romania and Serbia, offers discerning Wealth Management services in Cyprus, Luxembourg and is also present in London and the Ukraine.

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