News by country: Romania

IIB provides a new loan for support of Romanian small and medium-sized farms

IIB provides a new loan for support of Romanian small and medium-sized farms

International Investment Bank (IIB) granted a loan with a tenor of 7 years to the Romanian company Agricover Credit IFN SA aimed at the financing of the country's agricultural producers. Agricover Credit IFN SA is a part of the Agricover Holding, one of the largest traders of agricultural products in Romania, a leading supplier of materials for agricultural production, which also provides financial and insurance services for farmers. Agricover Credit IFN SA is the country's first and currently…  Read more
IIB supports foreign investment in Romania

IIB supports foreign investment in Romania

International Investment Bank has granted a loan to Trans-Oil, a large Moldovan agro-industrial group, aimed at the acquisition of «Tandarei oilseed crushing plant and vegetable oil producer» vegetable oil production plant in Romania. The funds will be used for development, technical modernization of the plant that has a strong export potential, as well as for financing its operating needs, including acquisition of raw materials. IIB funds combined with a considerable experience of Trans-Oil…  Read more
Statement of the IIB Management Board

Statement of the IIB Management Board

International Investment Bank has received a number of inquiries from Hungarian and international news agencies in the last few days related to frequently appearing false information related to the Bank activities, replicated lately in various mass media. The IIB Management Board deems it necessary to clarify a number of key aspects of this reporting. This is an official commentary from the Bank to the following unfounded allegations. 1. «Russia’s International Investment Bank…»…  Read more
S&P Global upgrades IIB long-term rating to A- with a stable outlook

S&P Global upgrades IIB long-term rating to A- with a stable outlook

On March 7, 2019 international rating agency S&P Global upgraded long-term rating of International Investment Bank (IIB) to A- with a stable outlook. This is a first in 2019 and already a fifth positive rating action on the Bank since the beginning of 2018 from leading international rating agencies. S&P underlines that the upgrade is based on a “moderate corporate risk profile and a very strong financial profile in accordance with renewed criteria of the agency” adopted within the framework of…  Read more
The second meeting of the IIB Board of Directors took place in Moscow

The second meeting of the IIB Board of Directors took place in Moscow

On March 1, 2019, the second meeting of the Board of Directors of International Investment Bank was held in Moscow. The event was attended by authorized representatives of all member states, members of the IIB Management Board and heads of key departments of the Bank. Opening the meeting, the Chairperson of the IIB Management Board Nikolay Kosov and his deputies presented a brief report on the activities of IIB in 2018 to the participants, which became a record performance year in many key…  Read more