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IIB Board of Directors in Budapest summed up the results of 2019: successful completion of relocation to Europe, record growth of loan portfolio and key performance indicators

IIB Board of Directors in Budapest summed up the results of 2019: successful completion of relocation to Europe, record growth of loan portfolio and key performance indicators

On December 6, 2019, IIB Board of Directors met in Budapest. The meeting summed up the results of the outgoing year, which became not only very successful but to a large degree marked a turning point in recent IIB history. Addressing the high-ranked representatives of IIB member states, the Chairperson of the Management Board Nikolay Kosov noted with satisfaction that the unprecedented task of the Bank’s relocation to Europe was successfully completed. Moreover, the first positive results of…  Read more
IIB increases the Hungarian trade finance portfolio

IIB increases the Hungarian trade finance portfolio

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
IIB actively develops dialogue with member states: first meeting of the Ambassadors Club after headquarters relocation took place in the Ministry of Foreign Affairs and Trade of Hungary

IIB actively develops dialogue with member states: first meeting of the Ambassadors Club after headquarters relocation took place in the Ministry of Foreign Affairs and Trade of Hungary

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
Interim results of IIB operations after its relocation to Europe: the Bank enhances its lending and investment activities in the interest of member states

Interim results of IIB operations after its relocation to Europe: the Bank enhances its lending and investment activities in the interest of member states

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
IIB Chairperson Nikolay Kosov addressed the participants of the third Budapest Water Summit: “It’s time to unite all efforts to protect water resources on a global scale”

IIB Chairperson Nikolay Kosov addressed the participants of the third Budapest Water Summit: “It’s time to unite all efforts to protect water resources on a global scale”

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