News by country: Russian Federation

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 took part in a meeting of the Russian-Hungarian Intergovernmental Commission for Economic Cooperation

IIB took part in a meeting of the Russian-Hungarian Intergovernmental Commission for Economic Cooperation

On November 21-22 2018, a regular meeting of the Russian-Hungarian Intergovernmental Commission on Economic Cooperation (IPC) was held in Budapest (Hungary). The meeting was сo-chaired by the Minister of Health of the Russian Federation Veronika Skvortsova and the Minister of Foreign Affairs and Trade of Hungary Péter Szijjártó. International Investment Bank was represented at the meeting of the commission by Deputy Chairperson of the Board Georgy Potapov. Addressing the participants of the…  Read more
Dialogue with member countries: the IIB delegation meets the Minister of Public Finance of Romania

Dialogue with member countries: the IIB delegation meets the Minister of Public Finance of Romania

During its working visit to the city of Bucharest (Romania) the delegation of the International Investment Bank (IIB) headed by Chairman of the Board Nikolay Kosov held a meeting with the Minister of Public Finance of the country Eugen Orlando Teodorovici. Nikolay Kosov presented the interim results of the Bank’s activities for the past period of 2018 and of the implementation of IIB Strategy until 2023 in general, and of Romanian country strategy in particular. It was noted with satisfaction…  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