News by country: Czech Republic

The newly appointed Deputy Chairperson of IIB  Management Board Imre Lászlóczki reflects on the Bank's strategic development in his first  interview to Portfolio.hu

The newly appointed Deputy Chairperson of IIB Management Board Imre Lászlóczki reflects on the Bank's strategic development in his first interview to Portfolio.hu

International Investment Bank will invest in car industry, agriculture, and tourism in Hungary. IIB has moved to Budapest, and has a new incumbent Hungarian Deputy Chairperson of the Management Board. We asked Imre Laszlóczki about business, as well as diplomacy. International Investment Bank (IIB) appointed a new Hungarian Deputy Chairperson of the Management Board in September. Those with little familiarity concerning the operation of the investment bank, owned by several countries, may find…  Read more
IIB publishes financial results for the first half of 2019

IIB publishes financial results for the first half of 2019

International Investment Bank (IIB) published financial statements in accordance with IFRS for the first half of 2019. Data shows positive dynamics of all key indicators of activity, including assets, loan portfolio and capital. Reports were reviewed by auditors – EY Hungary. Financial Result The Bank concluded the reporting period with a profit of 2,87 mln euros as a result of net interest and fee income increase, improved quality of the loan portfolio with a sufficient level of reserves…  Read more
IIB Chairperson attends the riverbed overlap ceremony during construction  of Bely Porog hydro power plants

IIB Chairperson attends the riverbed overlap ceremony during construction of Bely Porog hydro power plants

International Investment Bank’s Chairperson of the Management Board Nikolay Kosov took part in the ceremony of overlap of Kem riverbed related to the construction of Bely Porog hydro power plants. Riverbed overlap is considered a procedure that gives start to new power plants, which will begin its full-scale operations in the first quarter of 2020 already. A long-term loan in the aggregate amount of 8,15 billion rubles (over 155 mln euros) for the implementation of this strategic renewable…  Read more
International Investment Bank headquartered in Budapest will focus on further sustainable development of member states economies and integration

International Investment Bank headquartered in Budapest will focus on further sustainable development of member states economies and integration

25th June 2019, Budapest - International Investment Bank has relocated its headquarters to Budapest, becoming the first and only multilateral development bank with Headquarters in the CEE region. According to the Bank’s strategy, the focus will be on providing financial support for sustainable and green initiatives both in Hungary and in the region and on strengthening of economic ties between its member states, said IIB Chairperson Nikolay Kosov at a press event. Strategy and future plans…  Read more
IIB Chairperson of the Management Board receives an award  for promotion of international cooperation

IIB Chairperson of the Management Board receives an award for promotion of international cooperation

On June 5, 2019 within the framework of St. Petersburg International Economic Forum 2019 (SPIEF) the III Award Ceremony for international cooperation and development of foreign economic activity took place. Chairperson of the Management Board of International Investment Bank Nikolay Kosov was among the prizewinners. Founders of the award are: Russian Chamber of Commerce, Moscow Centre for International Cooperation (the Government of Moscow) and “Kommersant” publishing house. SPIEF organisers -…  Read more