News by country: Hungary

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
Organization for Economic Cooperation and Development (OECD) has included IIB in the list of international institutions eligible for acceptance of the Official Development Assistance (ODA)

Organization for Economic Cooperation and Development (OECD) has included IIB in the list of international institutions eligible for acceptance of the Official Development Assistance (ODA)

Following the joint application submitted to OECD by Hungary and the Slovak Republic, the Development Assistance Committee (DAC) decided to include International Investment Bank in the Official Development Assistance (ODA) program. The Development Assistance Committee is a unique international platform of the largest providers of economic aid promoting inclusive and sustainable growth in developing countries. IIB has been included in the list of international organizations, through which such…  Read more
The first meeting of IIB Management Board was held in the new Budapest headquarters

The first meeting of IIB Management Board was held in the new Budapest headquarters

The first meeting of IIB Management Board after the relocation of the headquarters was held in Budapest (Hungary). Opening the meeting, the Chairperson of the Management Board Nikolay Kosov congratulated the IIB top managers on the commencement of full-fledged activities of the Bank at its new European address. Nikolay Kosov noted with satisfaction that, despite on-going large-scale relocation activities, the Bank did not slow down its active daily work for a minute, and in some…  Read more
IIB expands its international staff with Hungarian professionals following headquarters relocation

IIB expands its international staff with Hungarian professionals following headquarters relocation

International Investment Bank is strengthening its team and on the basis of international competition has selected new highly qualified specialists who have joined IIB in its Headquarters in Budapest, Hungary. Bácsi Ferenc Bacsi Ferenc graduated from Budapest University of Economic Sciences where got a degree of economist. Mr. Bacsi has more than 40 years of professional experience in the Ministry of Finance of Hungary. Since 1978 he was responsible for cooperation with IIB and participated…  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