International Investment Bank and Steppe Metal Powder LLC (SMP) from Mongolia have concluded a loan agreement for the amount of 8 million euros for a period of 6 years. The first tranche of the loan was transferred on June 5, 2020. The funds allocated by the Bank will be used for the construction and installation of a modern high-tech plant that will produce copper and copper (bronze, copper and brass) alloy powders in Mongolia. Introducing the most advanced British and German technologies…  Read more

On June 5, 2020, the 6th meeting of the Board of Directors of International Investment Bank took place. The delegations of IIB member states discussed preliminary results of the Banks' activities since the beginning of this year and took a number of important decisions. For the first time in its history, the meeting was held in an online format. IIB’s successfully integrated modern custom-made IT system ensured effective and full-fledged remote interaction of all its governing bodies, as well…  Read more

International Investment Bank and the largest cashmere producer of Mongolia - GOBI JSC, have concluded a loan agreement for the amount of 30 million euros for a period of 7 years. According to the provisions of the agreement, GOBI intends to direct these funds to the development of its current activities and to ensure the supply continuity of high-quality raw materials from local herders for the production of world famous Mongolian cashmere. Mongolia accounted for 48% of the world raw…  Read more

On April 7, 2020, within the framework of the new capitalization programme approved by the IIB member states in the amount of up to 200 million euros, the Russian Federation transferred 10.64 million euros as a contribution to the paid-up capital of the Bank, bringing its total value to 370.25 million euros. Thus, Russia has become the first IIB shareholder to fully fulfil its obligations for the new round of capitalization due in 2020. Since the relocation of the IIB headquarters to Europe in…  Read more