News by country: Hungary

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
IIB achieves a new lowest euro after-swap price for its funding, following the recent MTN Programme update

IIB achieves a new lowest euro after-swap price for its funding, following the recent MTN Programme update

Following the update of its MTN Programme registered on 26th February 2021, International Investment Bank executed its third private placement this year, denominated in the Hungarian forint, in the volume of HUF 8.5 billion (EUR 23.3 million) with the coupon amounting to 1.90% p.a. reaching a record low euro after-swap price of 0.065% p.a. It is the fourth issue denominated in HUF for IIB over the last 2 years making the total amount outstanding HUF 70.7 billion (approx. EUR 192 million),…  Read more
Final Step in the Relocation to Europe: new permanent IIB Headquarters officially opened in Budapest

Final Step in the Relocation to Europe: new permanent IIB Headquarters officially opened in Budapest

On February 19, 2021, an official inauguration of permanent headquarters of International Investment Bank situated in a historic Lánchíd Palota building (Fo utca, 1) took place in Budapest. Governors of two major shareholders of the Bank – the Russian Federation and Hungary – on the IIB Board of Governors, Deputy Prime Minister, Minister of Finance of Hungary Mr. Mihaly Varga and Deputy Finance Minister of the Russian Federation Mr. Timur Maksimov were among the special guests of the…  Read more
IIB boosts investment volumes in member states in 2020

IIB boosts investment volumes in member states in 2020

Year 2020 - the 50th Anniversary year since the foundation of International Investment Bank - was marked as a period of unprecedented challenges of a global scale. The COVID-19 pandemic continues to impose its serious impact on the economic growth of IIB shareholders with no exception, while further exacerbating the need for development financing. Responding to such demands IIB, despite the external turbulences, managed to maintain and even ramp up the dynamics of its lending operations in the…  Read more
Growth of net profit, assets and loan portfolio: IIB publishes financial results for 2020.

Growth of net profit, assets and loan portfolio: IIB publishes financial results for 2020.

On February 4, 2021, International Investment Bank (IIB) published audited IFRS financial statements for the year 2020. Despite the global economic crisis caused by the COVID-19 pandemic, the Bank once again demonstrates a high level of financial stability and success in achieving strategic targets thanks to high efficiency of the corporate governance system, timely adopted anti-crisis measures, growing trust of the international financial and business community, as well as support from the…  Read more