News by country: Czech Republic

IIB executes new CZK-denominated private placement consolidating its euro negative curve by issuing one of the largest CZK deals by a non-Czech issuer ever

IIB executes new CZK-denominated private placement consolidating its euro negative curve by issuing one of the largest CZK deals by a non-Czech issuer ever

International Investment Bank successfully refinanced its maturing CZK floating rate notes with a new issuance of CZK 2.499 billion (EUR 96.4 million) notes with a 3-year maturity and an annual coupon of 1.50%. The euro after-swap price of the issuance, which was placed under the Bank’s MTN Programme, was fixed at -0.041% p.a.. Further decrease in the cost of funds of the Bank will ultimately benefit the whole region, where IIB is present and active in fulfilling its development mission. The…  Read more
Final Step in the Relocation to Europe: new permanent IIB Headquarters officially opened in Budapest

Final Step in the Relocation to Europe: new permanent IIB Headquarters officially opened in Budapest

On February 19, 2021, an official inauguration of permanent headquarters of International Investment Bank situated in a historic Lánchíd Palota building (Fo utca, 1) took place in Budapest. Governors of two major shareholders of the Bank – the Russian Federation and Hungary – on the IIB Board of Governors, Deputy Prime Minister, Minister of Finance of Hungary Mr. Mihaly Varga and Deputy Finance Minister of the Russian Federation Mr. Timur Maksimov were among the special guests of the…  Read more
IIB boosts investment volumes in member states in 2020

IIB boosts investment volumes in member states in 2020

Year 2020 - the 50th Anniversary year since the foundation of International Investment Bank - was marked as a period of unprecedented challenges of a global scale. The COVID-19 pandemic continues to impose its serious impact on the economic growth of IIB shareholders with no exception, while further exacerbating the need for development financing. Responding to such demands IIB, despite the external turbulences, managed to maintain and even ramp up the dynamics of its lending operations in the…  Read more
Growth of net profit, assets and loan portfolio: IIB publishes financial results for 2020.

Growth of net profit, assets and loan portfolio: IIB publishes financial results for 2020.

On February 4, 2021, International Investment Bank (IIB) published audited IFRS financial statements for the year 2020. Despite the global economic crisis caused by the COVID-19 pandemic, the Bank once again demonstrates a high level of financial stability and success in achieving strategic targets thanks to high efficiency of the corporate governance system, timely adopted anti-crisis measures, growing trust of the international financial and business community, as well as support from the…  Read more
IIB continues to develop partnerships with the European financial community: the institution joins Hungarian Banking Association

IIB continues to develop partnerships with the European financial community: the institution joins Hungarian Banking Association

International Investment Bank has obtained an Observer status in Hungarian Banking Association (HBA). The main goal of this influential professional community established in 1989 and uniting over 50 largest international and national financial institutions is a comprehensive development of the Hungarian banking sector in the interest of support of not only the national economy, but also the European economy overall. In 2004, HBA became a member of European Banking Federation. Among key…  Read more