News by country: Czech Republic

IIB’s delegation participated in a meeting of the Czech-Russian Intergovernmental Commission in Prague

IIB’s delegation participated in a meeting of the Czech-Russian Intergovernmental Commission in Prague

The delegation of the International Investment Bank (IIB) took part in the 9th session of the Intergovernmental Commission on Economic, Industrial and Scientific-Technical Cooperation between the Czech Republic and Russia – the member states of the Bank – held on March 22-23, 2016 in Prague. The first in the past four years, the Commission's meeting was chaired by Ministers of Industry and Trade of the Czech Republic and the Russian Federation, Jan Mládek and Denis Manturov. Dozens of high-level…  Read more
IIB is actively increasing its trade finance portfolio and expanding the number of counterparties in Europe

IIB is actively increasing its trade finance portfolio and expanding the number of counterparties in Europe

In the first quarter of 2016, the International Investment Bank (IIB) continued building up its trade finance (TF) portfolio, while expanding the number of its partner banks. Thus, the IIB has covered the risk of several Belarussian banks for Commerzbank AG (Germany) and Sberbank CZ a.s. (Czech Republic) by issuing its irrevocable reimbursements undertakings. The aim of these transactions was to support imports of goods and equipment from the Czech Republic. As a multilateral development…  Read more
IIB provides financing to a Czech company for the first time in more than 20 years

IIB provides financing to a Czech company for the first time in more than 20 years

Yesterday, in line with the EUR 35 million credit facility signed on December 30, 2015 between the International Investment Bank and the Czech company Pilsen Toll, the Bank disbursed the first tranche. Thus, for the first time in over 20 years the IIB finances a borrower, registered in the Czech Republic. Pilsen Toll is a tolling company supporting the operations of the large metallurgical-engineering plant PILSEN STEEL, Czech manufacturer of high-quality forgings, castings and ingots from…  Read more
IIB wraps up “the Year of Asia” – the 104th Council Meeting of the Bank in Vietnam concluded, followed by an international business forum

IIB wraps up “the Year of Asia” – the 104th Council Meeting of the Bank in Vietnam concluded, followed by an international business forum

On December 3-4, 2015, the highest governing authority of the International Investment Bank, the IIB Council, held its 104th meeting in Hanoi, Vietnam. The meeting marked the formal completion of IIB’s institutional reform, which started in 2012 – after their signing by the Czech Republic, all member states of the Bank have now adopted the new statutory documents, which will come into force after their ratification by all members, already finalized by Hungary. The underlying theme of the…  Read more
IIB gave a presentation for Czech partners and companies with the support of the Ministry of Finance of the Czech Republic

IIB gave a presentation for Czech partners and companies with the support of the Ministry of Finance of the Czech Republic

Yesterday, the Czech Ministry of Finance held the seminar “IIB – opportunities for Czech entrepreneurs”, during which the International Investment Bank made a presentation to potential partners and clients. The event gathered representatives of the Czech Ministry of Industry and Trade, Ministry of Foreign Affairs, export agencies and leading commercial banks and companies. The Bank’s delegation headed by Jiri Bobrek, Deputy Chairman of the Board from the Czech Republic, and Igor Barat,…  Read more