News by country: Republic of Cuba

Focus on integration: IIB strengthens economic cooperation between member states

Focus on integration: IIB strengthens economic cooperation between member states

On the sidelines of the joint meeting of the Board of Governors of International Investment Bank (IIB) and of the Council of the International Bank for Economic Cooperation (IBEC) a Memorandum of understanding was concluded between IIB, IBEC and a production company Viglacera Corporation (Socialist Republic of Vietnam). Chairperson of the Management Board Nikolay Kosov signed the document on behalf of IIB, Chairman of the Board Denis Ivanov and Deputy Chairman ofthe Board Thinh Thi Hong were…  Read more
Fitch Ratings has upgraded IIB’s long-term credit rating to BBB+ with a stable outlook

Fitch Ratings has upgraded IIB’s long-term credit rating to BBB+ with a stable outlook

On November 22, 2018, the international rating agency Fitch Ratings upgraded the International Investment Bank’s long-term credit rating to BBB+ with a stable outlook. This rating upgrade is already the fourth positive rating action taken in relation to the Bank by international rating agencies this year. As the main factors that contributed to the upgrade, Fitch lists a significant improvement in the quality and geographical diversification of the Bank’s loan portfolio, a stronger internal…  Read more
IIB Trade Windows in Česká spořitelna a.s.

IIB Trade Windows in Česká spořitelna a.s.

On November 7, 2018 International Investment Bank (IIB) following an invitation of Česká spořitelna a. s. executed its pilot training event “Trade Windows. Banks ” in Prague, Czech Republic. No wonder that this location was chosen for Czech Republic is one of the most active IIB member states carrying out trade operations with shareholder countries of the Bank (Mongolia, Russia, Cuba) and in other geographies, such as Republic of Belarus and Armenia. International Investment Bank represented…  Read more
Traditional meeting of IIB Management and heads of diplomatic missions of member countries

Traditional meeting of IIB Management and heads of diplomatic missions of member countries

Main scopes of strategic development of the International Investment Bank (IIB) and key issues on the agenda of the upcoming Board of Governors and Board of Directors meetings became focal points for discussion during the X jubilee meeting of the Ambassadors club of the Bank’s shareholders. Multilateral constructive dialogue with participation of heads of diplomatic missions of IIB member states and observers in Moscow, Governor from the Russian Federation in the Bank’s Board of Governors,…  Read more
High-level dialogue with Cuba

High-level dialogue with Cuba

As part of the official visit to the Russian Federation the Chairman of the State Council and the Council of Ministers of the Republic of Cuba, Miguel Mario Díaz-Canel-Bermudes and key members of the Council of Ministers held a business meeting with leaders of major companies and financial institutions that implement strategic projects in Cuba. International Investment Bank (IIB) was represented by the Acting Chairman of the Management Board Georgy Potapov. Addressing the audience, Mr. Mikel…  Read more