News by country: Czech Republic

IIB acquires the historic Lánchíd Palota building for its headquarters in Budapest

IIB acquires the historic Lánchíd Palota building for its headquarters in Budapest

On March 24, 2020, International Investment Bank and DOB-68 ZRT Company in full accordance with the requirements of the Hungarian legislation signed the documentation on the acquisition of the historic Lánchíd Palota building, located at Fő u, 1 by the Bank. Constructed in the 19th century, this neo-Renaissance building is one of the most beautiful in Budapest. Designed by a famous Hungarian architect Miklós Ybl it is located on the bank of the Danube river, at the foot of the Buda Castle,…  Read more
IIB successfully registers its first ever Medium Term Notes (MTN) Programme on Dublin Stock Exchange

IIB successfully registers its first ever Medium Term Notes (MTN) Programme on Dublin Stock Exchange

The Medium Term Notes (MTN) Programme provides a maximum debt of up to EUR 1.5 bn that could be issued in the international capital markets (with the possibility to be upsized in the future) without specifying a pre-determined time period for these issuances (multi-year). Through the MTN Programme IIB will be able to not only issue benchmark bonds in the international markets but also to flexibly use short market windows and issue private placements in hard or local currencies. The Programme…  Read more
IIB named “Best International Issuer of the year” by the Budapest Stock Exchange

IIB named “Best International Issuer of the year” by the Budapest Stock Exchange

On February 13, 2020, in Budapest (Hungary), the traditional Annual award ceremony took place. Following the debut HUF bond placement in March and the next HUF issue in October 2019, International Investment Bank was recognized by BSE as the “Best International Issuer of the Year” on the Hungarian Debt Capital Market. Jozef Kollár, the First Deputy Chairperson of IIB Management Board, in charge of Treasury and Funding, received the award from Mr. Richard Végh, BSE CEO. IIB has been…  Read more
IIB publishes audited 2019 financial results: relocation in Europe contributes to growth of net profit, assets and loan portfolio

IIB publishes audited 2019 financial results: relocation in Europe contributes to growth of net profit, assets and loan portfolio

On February 13, 2020, International Investment Bank (IIB) published audited IFRS financial statements for the past year. The Bank’s relocation to Europe gave a strong impetus to its comprehensive development. Despite large-scale events related to the relocation of IIB Headquarters to Budapest, in 2019 the Bank not only did not slow down the pace of its development, but also showed positive results in achieving the targets of its current Strategy. Statements demonstrate positive dynamics in…  Read more
IIB named “Best bank for sustainable development in CEE”

IIB named “Best bank for sustainable development in CEE”

International media holding Global Banking and Finance Review (GBFR) has published a list of 2019 GBFR Award winners. International Investment Bank awarded "Best Bank for Sustainable Development Central and Eastern Europe". Sustainable Development Goals (SDGs) are a list of strategic targets identified by the United Nations, which an international community strives to achieve until 2030. The United Nations identifies 17 goals aimed at sound stewardship of natural resources, expansion of…  Read more