News by country: Russian Federation

ACRA affirms IIB long-term credit rating at the highest level

ACRA affirms IIB long-term credit rating at the highest level

On October 28, 2020 Russian national credit rating agency ACRA affirmed long-term credit rating of International Investment Bank at “A” on an international and at “AAA” on a local scale. Among key factors contributing to the decision ACRA point out a high level of management, effectiveness of the strategy, transparency of the Bank’s operations, as well as its strong capital position, asset management levels, risk management system, liquidity and funding strategy. Continuous shareholde…  Read more
International Investment Bank upgraded to A- by Fitch Ratings Agency

International Investment Bank upgraded to A- by Fitch Ratings Agency

On September 8, 2020, Fitch Ratings upgraded IIB’s rating to A- from BBB+ “reflecting the ongoing diversification of the bank’s operations across the EU following the relocation of its’ headquarters to Budapest”. Fitch positively assesses IIB’ s overall Europeanisation strategy expressed in particular in a shift in the bank’s lending operations and shareholder structure, focusing on a larger share of lending in the region and an increased share of EU shareholders in the Bank. As the…  Read more
IIB closes the book with a record oversubscription for a new RUB issuance

IIB closes the book with a record oversubscription for a new RUB issuance

On September 3, 2020 IIB held a successful book building for a new RUB issuance on the Moscow Stock Exchange under its registered bond program. The joint lead managers of the new 2,5-year bond are BC Region, Credit Bank of Moscow, VTB Capital and Russian Agricultural Bank. The Bank had taken advantage of the market window that opened following the summer holidays and a strong investor demand on the shorter maturities. The newly closed deal was three times oversubscribed. The Bank received orders…  Read more
The high – level meeting at the House of the Government of the Russian Federation

The high – level meeting at the House of the Government of the Russian Federation

On July 31, 2020, the Chairperson of the IIB Management Board Nikolay Kosov was received by Deputy Prime Minister of the Russian Federation Alexei Overchuk, who oversees the matters of international economic cooperation in the Cabinet of Ministers. The Head of IIB provided information on the Bank’s history, presented the results of its successful relaunch, informed the Deputy Prime Minister about current dynamic development of the institution. The IIB Chairperson also briefed his…  Read more
Deputy Minister of Finance of the Russian Federation Timur Maksimov visited the IIB Branch in Moscow.

Deputy Minister of Finance of the Russian Federation Timur Maksimov visited the IIB Branch in Moscow.

On July 29, 2020, Deputy Minister of Finance of the Russian Federation Timur Maksimov, who was appointed to represent Russia in the Board of Governors of International Investment Bank back in May, paid his visit to the IIB Branch in Moscow, where he held a working meeting with the Chairperson of the IIB Management Board Nikolay Kosov. Mr. Kosov introduced key members of the IIB international team to Mr. Maksimov, informed him about the successful implementation of the current Strategy, as…  Read more