The successful completion of IIB relocation to Budapest and acquisition of the European SWIFT code (IIBMHU22) gave a strong impetus to further growth of the Hungarian trade finance portfolio and to geographic diversification of borrowers in Eastern Europe. One of the Bank’s landmark transactions within the IIB Trade Finance Support Program (TFSP) was the issuance of IIB's guarantee against the counter guarantee of one of the leading Hungarian banks in favor of a Luxembourg electricity…  Read more

On November 29, 2019, IIB held a first after its Headquarters relocation to Europe meeting of the Ambassadors Club – heads of diplomatic missions of the Bank’s shareholder states in Budapest. At the suggestion of the Hungarian side, the meeting took place at the Ministry of Foreign Affairs and Trade. Minister of Foreign Affairs and Trade of Hungary Péter Szijjártó and Minister of State for Financial Policy Affairs of Hungary Gabor Gion, who represents the country as Vice Governor in the Board…  Read more

The meeting of the Management Board of International Investment Bank (23d since the actual relocation of the Bank’s Headquarters to Budapest) took place this week, where among other issues, a number of investment projects were discussed. In the last six months, the Bank managed to maintain the pace and even increase volumes of its lending and investment activities. A significant decrease in the cost of funding attracted in member states capital markets played an important role in that. In…  Read more

The Chairperson of IIB Management Board Nikolay Kosov took part in the third Budapest Water Summit, which was held in the Hungarian capital on October 15-17, 2019. Representatives of global political, financial and economic elite, heads of national and multilateral development institutions and international organizations, authoritative public figures and opinion leaders, prominent scientists and environmentalists participated in this important and already traditional international forum,…  Read more