IIB wraps up “the Year of Asia” – the 104th Council Meeting of the Bank in Vietnam concluded, followed by an international business forum

December 7, 2015

On December 3-4, 2015, the highest governing authority of the International Investment Bank, the IIB Council, held its 104th meeting in Hanoi, Vietnam. The meeting marked the formal completion of IIB’s institutional reform, which started in 2012 – after their signing by the Czech Republic, all member states of the Bank have now adopted the new statutory documents, which will come into force after their ratification by all members, already finalized by Hungary. The underlying theme of the… Read more

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

July 29, 2015

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

May 28, 2015

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

May 15, 2015

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

March 26, 2015

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

News by country: Hungary