News by country: Russian Federation

Growth of net profit, assets and loan portfolio: IIB publishes financial results for 2020.

Growth of net profit, assets and loan portfolio: IIB publishes financial results for 2020.

On February 4, 2021, International Investment Bank (IIB) published audited IFRS financial statements for the year 2020. Despite the global economic crisis caused by the COVID-19 pandemic, the Bank once again demonstrates a high level of financial stability and success in achieving strategic targets thanks to high efficiency of the corporate governance system, timely adopted anti-crisis measures, growing trust of the international financial and business community, as well as support from the…  Read more
IIB supports digital industry development: The Bank grants a loan to the global provider of IT solutions Softline Group

IIB supports digital industry development: The Bank grants a loan to the global provider of IT solutions Softline Group

International Investment Bank has disbursed the first tranche under a loan agreement signed with a global provider of IT solutions and services, the Softline Group (hereinafter referred to as the "Group"). According to the terms of the transaction, the Bank will provide a loan up to USD 26.3 million for a period of 7 years. The received financing will support further development of the Group's business, in particular, its expansion of geographical presence and acquisition of new assets.  Read more
IIB provides Russian  transport infrastructure support: the Bank extends a large loan for the construction of the Central Ring Road

IIB provides Russian transport infrastructure support: the Bank extends a large loan for the construction of the Central Ring Road

International Investment Bank issued a subordinated loan to support the construction of the Central Ring Road (CRR) in the Moscow Region of the Russian Federation. As part of this large-scale infrastructure project, a new 106-kilometer long section of the Central Ring Road was built, connecting the M-11 Moscow - St. Petersburg and M-7 Volga highways. The estimated speed of vehicles on this modern high-speed four-lane highway is about 140 km/h. The implementation of the project is aimed at…  Read more
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