News by country: Mongolia

IIB supports gender equality and sustainability in Mongolia with a loan to Trade and Development Bank (TDBM)

IIB supports gender equality and sustainability in Mongolia with a loan to Trade and Development Bank (TDBM)

International Investment Bank (IIB) issued a loan facility of USD 15 million to one of Mongolia’s leading commercial banks – Trade and Development Bank of Mongolia (TDBM). The 5-year-term facility will provide funding for TDBM’s two specialised programmes aimed at further enhancement of the country’s sustainable development, namely, the Women Entrepreneurship Support Program (WESP) and Green Loan Program. In Mongolia, SMEs, especially women-led businesses, play an important role in the…  Read more
Continued support of the SME sector and green finance in Mongolia: IIB joins a USD 120-million syndicated loan facility to Khan Bank

Continued support of the SME sector and green finance in Mongolia: IIB joins a USD 120-million syndicated loan facility to Khan Bank

International Investment Bank (IIB) became a participant in a USD 120 million (EUR 101.5 million in equivalent) syndicated loan to Khan Bank – Mongolia’s leading commercial bank. Arranged by the Dutch development institution FMO, this facility has other major European development financial institutions, such as France’s Proparco and Germany’s DEG, as well as Atlantic Forfeiting Company Ltd. as its members. The borrower intends to allocate the funds to increase lending volumes for small and…  Read more
IIB continues to support its member states: the Bank will provide another loan for the SME sector development  in Mongolia

IIB continues to support its member states: the Bank will provide another loan for the SME sector development in Mongolia

International Investment Bank (IIB) announced the conclusion of a new loan agreement with the Golomt Bank of Mongolia that amounts up to USD 10 mln with a tenor of five years. The institution is one the major systemically significant players of the national banking sector, which provides financial services for individuals, SMEs, and corporate clients. The borrower intends to allocate the proceeds from this tranche to implement lending programs for the SMEs, to finance projects with the…  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