News by country: Republic of Cuba

IIB announces entry into force of the new statutory documents

IIB announces entry into force of the new statutory documents

International Investment Bank is pleased to announce the entry into force of the new statutory documents of the Bank. The ratification process was successfully completed on June 25, 2018 when the Protocol Amending the Agreement on the Establishment of the International Investment Bank and its Charter was ratified by the President of the Slovak Republic. The new statutory documents entered into force 30 days after the date of receipt of the Protocol by the depositary, i.e. the Ministry fo…  Read more
The IIB releases audited IFRS financial statements for H1 2018: financial stability, strong asset growth, expansion and diversification of the loan and trade finance portfolio, quality improvements in treasury assets, and net profit growth

The IIB releases audited IFRS financial statements for H1 2018: financial stability, strong asset growth, expansion and diversification of the loan and trade finance portfolio, quality improvements in treasury assets, and net profit growth

The International Investment Bank (IIB) has published its audited IFRS financial statements. During the first half of 2018, the Bank made significant progress in meeting the targets set out in its mid-term business plan. The IIB's H1 2018 financials confirm positive dynamics across all key performance indicators, including expansion of the loan and trade finance portfolio, quality improvements in treasury assets as well as diversification of borrowings in terms of type, maturity, geography and…  Read more
A new appointment at the IIB: Georgy Potapov has been appointed to the position of Deputy Chairman of the Board of the International Investment Bank

A new appointment at the IIB: Georgy Potapov has been appointed to the position of Deputy Chairman of the Board of the International Investment Bank

July 26, 2018 The International Investment Bank (IIB) is pleased to announce the appointment of Georgy Potapov to the position of Deputy Chairman of the Board of the IIB. In this new position, Mr. Potapov will coordinate the activities of the Bank’s Strategy bloc, and will be responsible, among other things, for such key directions as strategic planning and implementation of the fundamental goals of the Bank’s development, for cooperation with international and national development…  Read more
High-level strategic decision: First step taken towards establishment of IIB European Unit in Budapest

High-level strategic decision: First step taken towards establishment of IIB European Unit in Budapest

Budapest, 18.06.2018 Following the invitation of the Government of Hungary the delegation of the International Investment Bank headed by Chairman of the Board Nikolay Kosov visited the Hungarian capital with the purpose of bilateral consultations with the Deputy Prime Minister Mihály Varga as well as participation in the signing ceremony of the Memorandum of understanding between Hungarian Government and IIB. Conclusion of the document serves as one of the initial steps towards practical…  Read more
Cuban direction: IIB charts route on location

Cuban direction: IIB charts route on location

The implementation of projects involving Cuban companies and building of a potential for investment activity of the International Investment Bank (IIB) in Cuba was the main topic during the IIB’s working visit to Havana that took place on October 30 – November 2, 2017. The Bank’s delegation held a series of meetings and negotiations with high-ranking representatives of the Cuban government, and also with the CEOs of major Cuban banks, financial institutions, and investors from the IIB membe…  Read more