News by country: Hungary

IIB continues to develop partnerships with the European financial community: the institution joins Hungarian Banking Association

IIB continues to develop partnerships with the European financial community: the institution joins Hungarian Banking Association

International Investment Bank has obtained an Observer status in Hungarian Banking Association (HBA). The main goal of this influential professional community established in 1989 and uniting over 50 largest international and national financial institutions is a comprehensive development of the Hungarian banking sector in the interest of support of not only the national economy, but also the European economy overall. In 2004, HBA became a member of European Banking Federation. Among key…  Read more
ACRA affirms IIB long-term credit rating at the highest level

ACRA affirms IIB long-term credit rating at the highest level

On October 28, 2020 Russian national credit rating agency ACRA affirmed long-term credit rating of International Investment Bank at “A” on an international and at “AAA” on a local scale. Among key factors contributing to the decision ACRA point out a high level of management, effectiveness of the strategy, transparency of the Bank’s operations, as well as its strong capital position, asset management levels, risk management system, liquidity and funding strategy. Continuous shareholde…  Read more
IIB will provide EUR 100 mln credit facility to MVM Group for the development of the Hungarian energy infrastructure - the largest loan disbursement in the Bank’s recent history

IIB will provide EUR 100 mln credit facility to MVM Group for the development of the Hungarian energy infrastructure - the largest loan disbursement in the Bank’s recent history

International Investment Bank has signed the largest credit facility agreement in its recent history with the leading Hungarian state-owned energy holding, MVM Magyar Villamos Művek Zrt. (MVM Group). According to the terms of the deal, IIB will provide a loan of EUR 100 mln in HUF equivalent with a tenor of 15 years. The funds are aimed to support the large-scale modernization and further development of the Hungarian national natural gas energy infrastructure. MVM’s natural gas distribution…  Read more
IIB supports the development of strategic Hungarian tourism industry: the Bank will provide a loan for the construction of an important family resort and recreation centre on Lake Balaton.

IIB supports the development of strategic Hungarian tourism industry: the Bank will provide a loan for the construction of an important family resort and recreation centre on Lake Balaton.

A delegation of International Investment Bank headed by the Deputy Chairperson of the Management Board Georgy Potapov and the Deputy Chairperson of the Management Board Imre Laszlóczki took part in the foundation-laying ceremony of a an important family resort and recreation park, which will be built with the financial support of IIB. For the implementation of this significant initiative, designed to give a powerful impetus to the development of the entire tourism industry of the country,…  Read more
International Investment Bank upgraded to A- by Fitch Ratings Agency

International Investment Bank upgraded to A- by Fitch Ratings Agency

On September 8, 2020, Fitch Ratings upgraded IIB’s rating to A- from BBB+ “reflecting the ongoing diversification of the bank’s operations across the EU following the relocation of its’ headquarters to Budapest”. Fitch positively assesses IIB’ s overall Europeanisation strategy expressed in particular in a shift in the bank’s lending operations and shareholder structure, focusing on a larger share of lending in the region and an increased share of EU shareholders in the Bank. As the…  Read more