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Laetitia Arrenault appointed as Director of IIB Compliance Department

Laetitia Arrenault appointed as Director of IIB Compliance Department

International Investment Bank announces the appointment of Ms. Laetitia Arrenault as the Director of Compliance Department. Ms. Arrenault has a long-term experience in international public and private finance, including previous employment with another multilateral development institution - the African Development Bank. At IIB Ms. Arrenault will be responsible for the development of the compliance system, control and mitigation of compliance risks, fraud and misconduct prevention,…  Read more
ACRA affirms IIB long-term credit rating at the highest level

ACRA affirms IIB long-term credit rating at the highest level

On October 28, 2020 Russian national credit rating agency ACRA affirmed long-term credit rating of International Investment Bank at “A” on an international and at “AAA” on a local scale. Among key factors contributing to the decision ACRA point out a high level of management, effectiveness of the strategy, transparency of the Bank’s operations, as well as its strong capital position, asset management levels, risk management system, liquidity and funding strategy. Continuous shareholde…  Read more
IIB will provide EUR 100 mln credit facility to MVM Group for the development of the Hungarian energy infrastructure - the largest loan disbursement in the Bank’s recent history

IIB will provide EUR 100 mln credit facility to MVM Group for the development of the Hungarian energy infrastructure - the largest loan disbursement in the Bank’s recent history

International Investment Bank has signed the largest credit facility agreement in its recent history with the leading Hungarian state-owned energy holding, MVM Magyar Villamos Művek Zrt. (MVM Group). According to the terms of the deal, IIB will provide a loan of EUR 100 mln in HUF equivalent with a tenor of 15 years. The funds are aimed to support the large-scale modernization and further development of the Hungarian national natural gas energy infrastructure. MVM’s natural gas distribution…  Read more
IIB had successfully attracted new Romanian lei funding, recording its lowest ever long-term cost of funds

IIB had successfully attracted new Romanian lei funding, recording its lowest ever long-term cost of funds

On 29th September IIB had successfully placed new RON issuance in the volume of 340 million (approx. EUR 70 million) under the IIB’s MTN Programme registered on the Dublin Stock Exchange. The 3-year maturity bond has a coupon of 3,393%, representing 30 bps spread over the Romanian Government bonds. The euro after-swap price obtained reflects the lowest ever long-term cost of funds for IIB set up at 0,395% p.a. The lead manager of this successful placement was BT Capital partners, which had…  Read more
IIB supports the development of strategic Hungarian tourism industry: the Bank will provide a loan for the construction of an important family resort and recreation centre on Lake Balaton.

IIB supports the development of strategic Hungarian tourism industry: the Bank will provide a loan for the construction of an important family resort and recreation centre on Lake Balaton.

A delegation of International Investment Bank headed by the Deputy Chairperson of the Management Board Georgy Potapov and the Deputy Chairperson of the Management Board Imre Laszlóczki took part in the foundation-laying ceremony of a an important family resort and recreation park, which will be built with the financial support of IIB. For the implementation of this significant initiative, designed to give a powerful impetus to the development of the entire tourism industry of the country,…  Read more