News by country: Hungary

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
IIB supported the tourism industry in Hungary

IIB supported the tourism industry in Hungary

On April 15, 2021, within the framework of a previously concluded loan agreement International Investment Bank issued the first tranche for the construction of the BalaLand Family Hotel & Resort, and BalaLand Family Park, a large hotel complex and recreation park on the shores of lake Balaton. For the implementation of this significant initiative IIB provided a loan of amount HUF 10 billion (over 27 million euro in equivalent) with a tenor of 18 years. The Hungarian State Agency for Tourism…  Read more
IIB took part in the Russian-Hungarian business forum on cooperation in the field of agriculture

IIB took part in the Russian-Hungarian business forum on cooperation in the field of agriculture

On March 23, 2021, as part of the development of mutually beneficial bilateral ties between the business communities of the Russian Federation and Hungary, a business conference "Economic cooperation between Russia and Hungary in the agro-industrial sector: key issues." took place. This significant online even was organised by the Moscow Chamber of Commerce and Industry and the representative office of the Hungarian National Export Development Agency (HEPA). The forum was attended by…  Read more