News by country: Hungary

The IIB releases audited IFRS financial statements for H1 2018: financial stability, strong asset growth, expansion and diversification of the loan and trade finance portfolio, quality improvements in treasury assets, and net profit growth

The IIB releases audited IFRS financial statements for H1 2018: financial stability, strong asset growth, expansion and diversification of the loan and trade finance portfolio, quality improvements in treasury assets, and net profit growth

The International Investment Bank (IIB) has published its audited IFRS financial statements. During the first half of 2018, the Bank made significant progress in meeting the targets set out in its mid-term business plan. The IIB's H1 2018 financials confirm positive dynamics across all key performance indicators, including expansion of the loan and trade finance portfolio, quality improvements in treasury assets as well as diversification of borrowings in terms of type, maturity, geography and…  Read more
A new appointment at the IIB: Georgy Potapov has been appointed to the position of Deputy Chairman of the Board of the International Investment Bank

A new appointment at the IIB: Georgy Potapov has been appointed to the position of Deputy Chairman of the Board of the International Investment Bank

July 26, 2018 The International Investment Bank (IIB) is pleased to announce the appointment of Georgy Potapov to the position of Deputy Chairman of the Board of the IIB. In this new position, Mr. Potapov will coordinate the activities of the Bank’s Strategy bloc, and will be responsible, among other things, for such key directions as strategic planning and implementation of the fundamental goals of the Bank’s development, for cooperation with international and national development…  Read more
High-level strategic decision: First step taken towards establishment of IIB European Unit in Budapest

High-level strategic decision: First step taken towards establishment of IIB European Unit in Budapest

Budapest, 18.06.2018 Following the invitation of the Government of Hungary the delegation of the International Investment Bank headed by Chairman of the Board Nikolay Kosov visited the Hungarian capital with the purpose of bilateral consultations with the Deputy Prime Minister Mihály Varga as well as participation in the signing ceremony of the Memorandum of understanding between Hungarian Government and IIB. Conclusion of the document serves as one of the initial steps towards practical…  Read more
Following Moody’s long term credit rating upgrade to A3 with stable outlook, International Investment Bank taps its outstanding CZK Floater, increasing the size to CZK 750 m.

Following Moody’s long term credit rating upgrade to A3 with stable outlook, International Investment Bank taps its outstanding CZK Floater, increasing the size to CZK 750 m.

IIB decided to go another step forward in the capital market funding strategy and tap the outstanding April 2021 CZK Floater with an amount of 249 m, totaling to CZK 750 m. Erste Group, the Lead Manager of the transaction indicated that a Czech investor who already held IIB’s issues in its portfolio, is very much interested to increase its exposure on IIB. In spite of the volatile capital market environment, on the back of the rating upgrade of IIB to A3 by Moody’s, the increase of the debut…  Read more
IIB delegation takes part in proceedings of international forum “Risks and opportunities in the CEE-CIS financial sector”

IIB delegation takes part in proceedings of international forum “Risks and opportunities in the CEE-CIS financial sector”

A delegation of the International Investment Bank consisting of the Director of Risk Department Mr Milan Valasek and a representative of Customer Relations Department, Mr Balazs Vertes, took part in the 36th forum of the Banking Association of Central and Eastern Europe (BACEE), which, as usual, was held on 16-17 April in Budapest (Hungary). The IIB once again supported this high-profile international event, becoming its "golden sponsor". This representative business forum brought togethe…  Read more