News by country: Republic of Bulgaria

Fitch Ratings keeps IIB rating as investment grade

Following the decision of S&P Global that affirmed the long-term credit rating of International Investment Bank at “A-“ level with a negative outlook, on March 9, 2022 Fitch Ratings reviewed the institution’s long-term credit rating assigning “BBB” with a negative outlook. The decision affirms IIB’s average credit rating at investment grade. It is currently at par with a sovereign credit rating of Hungary, one of its main shareholder states. Despite a number of public announcements made by…  Read more

S&P Global affirms long-term rating of International Investment Bank at "A-" level

On March 9, 2022, international credit rating agency S&P Global affirmed long-term rating of International Investment Bank at “A-“. Among the main factors underpinning the decision, S&P indicates the solid capital position, comprehensive liquidity buffers and the special status of IIB as an international financial institution. Taking into account public statements of some European member states of the Bank regarding their possible withdrawal from IIB amid unfolding geopolitical events, the…  Read more
IIB extends support of the international expansion of Bulgarian business: the Bank provided a loan to Eurohold Bulgaria AD

IIB extends support of the international expansion of Bulgarian business: the Bank provided a loan to Eurohold Bulgaria AD

International Investment Bank and Eurohold Bulgaria AD have concluded a new bilateral agreement for a seven-year loan of EUR 7 million to further support the international development of the Group's business, including in IIB member states. Founded in 1995, Eurohold Group is one of the largest diversified holding companies in Bulgaria and Central and South-Eastern Europe. Its strategic interests cover such priority sectors as insurance, financial and investment services, energy, sale and…  Read more
IIB develops a dialogue with Bulgaria: the newly appointed  head of the diplomatic mission in Hungary visits the Bank’s Headquarters in Budapest

IIB develops a dialogue with Bulgaria: the newly appointed head of the diplomatic mission in Hungary visits the Bank’s Headquarters in Budapest

On April 27, 2020, Nikolay Kosov, the Chairperson of the IIB Management Board and Rumyana Kyuchukova, the Deputy Chairperson, received the Ambassador Extraordinary and Plenipotentiary of the Republic of Bulgaria to Hungary Mr. Hristo Polendakov at the IIB Headquarters. This was the first visit of the Head of the Bulgarian diplomatic mission to the Bank's Headquarters since his recent appointment. IIB representatives highlighted the main directions of the Bank's activities in the interests of…  Read more
Final Step in the Relocation to Europe: new permanent IIB Headquarters officially opened in Budapest

Final Step in the Relocation to Europe: new permanent IIB Headquarters officially opened in Budapest

On February 19, 2021, an official inauguration of permanent headquarters of International Investment Bank situated in a historic Lánchíd Palota building (Fo utca, 1) took place in Budapest. Governors of two major shareholders of the Bank – the Russian Federation and Hungary – on the IIB Board of Governors, Deputy Prime Minister, Minister of Finance of Hungary Mr. Mihaly Varga and Deputy Finance Minister of the Russian Federation Mr. Timur Maksimov were among the special guests of the…  Read more