News by country: Hungary

IIB contributes to strengthening and development of economic ties between its member states: the Bank took part in the business forum

IIB contributes to strengthening and development of economic ties between its member states: the Bank took part in the business forum "Russian-Hungarian Trade and Industrial Dialogue"

On October 12, 2021, as part of the development of mutually beneficial bilateral ties between the business communities of Russia and Hungary, a business forum "Russian-Hungarian Trade and Industrial Dialogue" was held in Budapest. The Hungarian Chamber of Commerce and Industry, the Moscow Chamber of Commerce and Industry, the working group of the Russian Union of Industrialists and Entrepreneurs (RUIE) on Russian-Hungarian economic and investment cooperation as well as a number of professional…  Read more
IIB continues to support vital healthcare sector:  Medicover Group receives financing from the Bank for further development

IIB continues to support vital healthcare sector: Medicover Group receives financing from the Bank for further development

International Investment Bank has become a creditor in the framework of Medicover Group’s Schuldscheindarlehen (SSD) issuance. Helaba – Landesbank Hessen-Thueringen, Frankfurt - the Bank’s long-standing partner in the private placement and Schuldschein sector – acted as sole-lead arranger for the transaction. The Group will allocate the proceeds from the designated ten-year tranche for further technological modernization and expansion of its operations in the CEE region, primarily, in three of…  Read more
IIB becomes a major investor in the Vajda-Papír Ltd. debut green bond issue

IIB becomes a major investor in the Vajda-Papír Ltd. debut green bond issue

International Investment Bank became a major investor of a corporate green bond issue placed by Vajda-Papír Ltd. on the Budapest Stock Exchange. Founded in 1999, the family-owned, mid-cap, FMCG Company with a revenue over EUR 70 mln, Vajda-Papír is the largest household hygiene paper production company in Hungary, with a total output representing around 55% of domestic production. The wide range of products of the company enjoys high demand domestically and is successfully distributed to…  Read more
IIB develops dialogue with the shareholders: the Bank’s Management held a series of consultations with high-level government officials of the largest member states

IIB develops dialogue with the shareholders: the Bank’s Management held a series of consultations with high-level government officials of the largest member states

In April 2021, a series of meetings and consultations took place between the Chairperson of the IIB Management Board Nikolay Kosov and representatives of the largest shareholder states of the Bank. Current state of affairs in IIB, first intermediate results of the relocation to Europe, short-term prospects of further development and investment priorities of the institution, as well as the main provisions of a new strategy that is currently in an active stage of preparation at the Bank, were…  Read more
Gábor Gion, the Minister of State for Financial Policy Affairs in the Ministry of Finance of Hungary, and Anna Lvova,  Director of International Relations and Communications of IIB, spoke to the business daily Világgazdaság

Gábor Gion, the Minister of State for Financial Policy Affairs in the Ministry of Finance of Hungary, and Anna Lvova, Director of International Relations and Communications of IIB, spoke to the business daily Világgazdaság

IIB builds on developing trust "The Hungarian deals already account for 15% of the IIB loan portfolio," - Anna Lvova told Világgazdaság. According to the IIB Director of International Relations and Communications, the growing trust for the Bank is reflected in the rising credit appetite from the borrowers as well as the IIB’s credit ratings constant improvement and decrease of borrowing costs. The IIB has shown a drastic growth in the last year, however its loan portfolio is still small…  Read more