News by country: Hungary

IIB’s paid-in capital increases with Hungary’s contribution

IIB’s paid-in capital increases with Hungary’s contribution

Today, Hungary’s contribution to the paid-in capital of the IIB increased to EUR 30 million, bringing the country’s share to 9.91% and the total paid-in capital of the Bank to EUR 302.6 million. Presently, the member states' shares are as follows: Russia — 49.58%, countries of the European Union (Bulgaria, Czech Republic, Hungary, Romania, Slovakia) — 47.09%, Asian countries (Mongolia, Vietnam) — 1.56%,…  Read more
Hungary ratifies its membership in the IIB, on its way to become one of the largest shareholders after making its first contribution to the Bank’s capital

Hungary ratifies its membership in the IIB, on its way to become one of the largest shareholders after making its first contribution to the Bank’s capital

After the approval by the IIB Council of Hungary’s request to join the IIB in November last year, the country has now ratified its membership and finalized all the necessary procedures to obtain full voting rights in the Bank. This includes Hungary’s first contribution to the Bank’s paid-in capital, putting its share at EUR 20 million (6.8%). At the same time, Hungary also ratified IIB’s new statutory documents, which have been…  Read more
IIB strengthens its ties with shareholders during the traditional lunch of member states' ambassadors

IIB strengthens its ties with shareholders during the traditional lunch of member states' ambassadors

On May 14, yet another working lunch of the Club of Ambassadors of IIB’s member states took place, which has already become a good tradition. Along with the management of the Bank and the heads of diplomatic representations, First Deputy Minister of Foreign Affairs of the Russian Federation, V.G.Titov, and MFA RF Secretary General, P.M.Kuznetsov, as well as other representatives of the Russian MFA, attended the meeting. It is worth noting that, for the first time, such a meeting took place at…  Read more
IIB’s first trade finance deal with Hungary

IIB’s first trade finance deal with Hungary

As part of the first trade finance deal with Hungary on March 25, 2015, the International Investment Bank supported export of equipment from Hungary to the Russian Federation. The IIB issued an irrevocable reimbursement undertaking by the order of JSC «NBD-Bank» in favour of K&H Bank ZRT (Hungary). In the beginning of March 2015, the IIB issued its first trade finance deal by the order of JSC «JSSB Belarusbank» in favour of Československá obchodní banka, a.s., supporting export from the Czech…  Read more
IIB has signed a loan agreement with the Hungarian EXIM

IIB has signed a loan agreement with the Hungarian EXIM

Sofia, November 20, 2014 The International Investment Bank (IIB) has signed a five-year term bilateral loan agreement with the Hungarian Export-Import Bank (EXIM) in the amount of EUR 15 million. The document was signed by the Director of the International Relations and Investments Department of the EXIM Mr. Laszlo Lengyel and the IIB Chairman of the Board Mr. Nikolay Kosov. The raised funds will be used by IIB to finance customers in its member states who is purchasing Hungarian goods and…  Read more