News by country: Romania

Fitch Ratings keeps IIB rating as investment grade

Fitch Ratings keeps IIB rating as investment grade

Following the decision of S&P Global that affirmed the long-term credit rating of International Investment Bank at “A-“ level with a negative outlook, on March 9, 2022 Fitch Ratings reviewed the institution’s long-term credit rating assigning “BBB” with a negative outlook. The decision affirms IIB’s average credit rating at investment grade. It is currently at par with a sovereign credit rating of Hungary, one of its main shareholder states. Despite a number of public announcements made by…  Read more
S&P Global affirms long-term rating of International Investment Bank  at

S&P Global affirms long-term rating of International Investment Bank at "A-" level

On March 9, 2022, international credit rating agency S&P Global affirmed long-term rating of International Investment Bank at “A-“. Among the main factors underpinning the decision, S&P indicates the solid capital position, comprehensive liquidity buffers and the special status of IIB as an international financial institution. Taking into account public statements of some European member states of the Bank regarding their possible withdrawal from IIB amid unfolding geopolitical events, the…  Read more
IIB extends support of the international expansion of Bulgarian business: the Bank provided a loan to Eurohold Bulgaria AD

IIB extends support of the international expansion of Bulgarian business: the Bank provided a loan to Eurohold Bulgaria AD

International Investment Bank and Eurohold Bulgaria AD have concluded a new bilateral agreement for a seven-year loan of EUR 7 million to further support the international development of the Group's business, including in IIB member states. Founded in 1995, Eurohold Group is one of the largest diversified holding companies in Bulgaria and Central and South-Eastern Europe. Its strategic interests cover such priority sectors as insurance, financial and investment services, energy, sale and…  Read more
IIB and Pet Kupa presented results of

IIB and Pet Kupa presented results of "Clear Water. Happy Tisza" initiative aimed at saving this important water artery of the CEE region from plastic pollution

The Plastic Cup Mapped the Waste Situation at the Tisza from its Spring to its Mouth: Nearly 4000 polluted areas registered on the new waste map. The cross-border programme launched by the Plastic Cup two years ago and sponsored by International Investment Bank (IIB) resulted in a great Tisza Expedition, which mapped the total length of the river. As part of the CLEAN WATER, HAPPY TISZA programme, experts, volunteers and waste management specialists of the Plastic Cup assessed the hotspots of…  Read more
IIB increases support of trade and agriculture in Romania

IIB increases support of trade and agriculture in Romania

International Investment Bank has doubled its existing revolving loan facility to Heliosagri International SA (Romania) (Trans-Oil Group) to extend its business activity in Romania. In 2019, the Bank provided an initial loan of EUR 10 million to the company for its acquisition of a vegetable oil production plant located in Ţăndărei, Romania. The current financing increase to EUR 20 million will be allocated to further expand operations of the plant. Trans-Oil Group is a major holding engaged…  Read more