General Information

International Investment Bank is a multilateral development institution that aims to facilitate connectivity and integration between the economies of the Bank’s member states in order to ensure sustainable and inclusive growth and the competitiveness of national economies, backed by the existing historical ties. The Bank was established and operates as an international organisation based on the intergovernmental Agreement Establishing the International Investment Bank dated 10 July 1970, registered with the United Nations Secretariat on 1 December 1971 under number 11417, as amended and… Read more

News

Significant fact - Notice to Bondholders, Creditors and Clients

June 30, 2023 — Further to our previous statements, IIB hereby informs our bondholders that as a result of General License No. 69 issued by OFAC on May 31, 2023, the release of funds and transfer by one of the EU financial institutions to Citibank, N.A., London Branch (Principal Paying Agent under the IIB EUR1.5b EUR MTN Programme) made it possible for the IIB to fulfil the… Read more

Notice to Bondholders, Creditors and Clients

June 5, 2023 — Further to its previous statements, IIB hereby informs that on May 31, 2023 OFAC issued a General License No. 69 Authorizing Certain Debt Securities Servicing Transactions Involving IIB (OFAC General License). In accordance with paragraph (a) of the OFAC General License, all transactions prohibited by Executive Order (E.O.) 14024 that are ordinarily… Read more

Significant fact - Notice to Bondholders, Creditors and Clients

May 25, 2023 — Notice to Bondholders, Creditors and Clients Further to the previous statements, IIB hereby informs its bondholders, creditors and clients that as a result of the imposed US OFAC sanctions, all correspondent banking entities of IIB in the EU blocked all transactions in connection with IIB, including Bank’s nostro accounts in EUR, USD, HUF, CZK, RON. By… Read more

Address of International Investment Bank

April 19, 2023 — Due to US sanctions and the designation of International Investment Bank in the US OFAC SDN list, the Bank is currently deprived of the ability to conduct financial operations. Due to the de-facto termination of Hungary's membership in International Investment Bank, IIB has exhausted basis for further operations from its headquarters in Budapest and in… Read more

Statement of International Investment Bank

April 17, 2023 — US sanctions imposed against IIB - a multilateral development institution - threaten legitimate interests of its clients, partners and counterparties. With deep regret, IIB states that currently, because of the imposed US sanctions, it has been deprived of the possibility to fulfil obligations to its counterparties. Nevertheless, the Bank has… Read more

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