News by country: Mongolia

Inaugural Board of Governors Meeting: new milestone in institution’s development

Inaugural Board of Governors Meeting: new milestone in institution’s development

On December 3-4, 2018 in accordance with the new statutory documents that entered into force in August this year first meetings of the Board of Directors and the Board of Governors of the International Investment Bank (IIB) took place in Varadero (Republic of Cuba). The scale of decisions taken significantly empowers the Bank and allows for its further intensive growth in the long-term. The Board of Governors voted for a relocation of IIB Headquarters to Budapest from Moscow. As a…  Read more
Fitch Ratings has upgraded IIB’s long-term credit rating to BBB+ with a stable outlook

Fitch Ratings has upgraded IIB’s long-term credit rating to BBB+ with a stable outlook

On November 22, 2018, the international rating agency Fitch Ratings upgraded the International Investment Bank’s long-term credit rating to BBB+ with a stable outlook. This rating upgrade is already the fourth positive rating action taken in relation to the Bank by international rating agencies this year. As the main factors that contributed to the upgrade, Fitch lists a significant improvement in the quality and geographical diversification of the Bank’s loan portfolio, a stronger internal…  Read more
IIB Trade Windows in Česká spořitelna a.s.

IIB Trade Windows in Česká spořitelna a.s.

On November 7, 2018 International Investment Bank (IIB) following an invitation of Česká spořitelna a. s. executed its pilot training event “Trade Windows. Banks ” in Prague, Czech Republic. No wonder that this location was chosen for Czech Republic is one of the most active IIB member states carrying out trade operations with shareholder countries of the Bank (Mongolia, Russia, Cuba) and in other geographies, such as Republic of Belarus and Armenia. International Investment Bank represented…  Read more
Traditional meeting of IIB Management and heads of diplomatic missions of member countries

Traditional meeting of IIB Management and heads of diplomatic missions of member countries

Main scopes of strategic development of the International Investment Bank (IIB) and key issues on the agenda of the upcoming Board of Governors and Board of Directors meetings became focal points for discussion during the X jubilee meeting of the Ambassadors club of the Bank’s shareholders. Multilateral constructive dialogue with participation of heads of diplomatic missions of IIB member states and observers in Moscow, Governor from the Russian Federation in the Bank’s Board of Governors,…  Read more
IIB develops exchange practices with partner banks

IIB develops exchange practices with partner banks

International Investment Bank (IIB) continues to implement training and knowledge sharing programmes for employees of financial institutions of member countries with the aim to exchange experience in the most important areas of of internal banking systems and functions development. This initiative aims to familiarize employees of partner banks with practices of international financial institutions in identifying and assessing risks, building internal control systems when working with personnel…  Read more