Moscow, Russia, January 22, 2013-IFC, a member of the World Bank Group, is providing Transcapitalbank with a five-year USD 50 million loan to help the bank expand access to finance for small and medium enterprises (SMEs), helping them improve energy efficiency and encourage female entrepreneurs across Russia. In addition IFC has mobilized a EUR 20 million loan from International Investment Bank (the IIB), earmarked for energy efficient SME projects.  Read more

A business meeting between the top managers of IIB and their colleagues from SME Bank was held, which was dedicated to the development and the intensification of cooperation. SME Bank is part of the Vneshekonombank’s group of the Russian Federation and implements the State program of the support of small and medium enterprises. In its turn the development of small enterprises in the member states is one of the main…  Read more

The Deputy Minister of Finance, D.V.Pankin and the Deputy Head of the Russian delegation in the IIB’s Council, the Head of the Department of economic cooperation of the Ministry of Foreign Affairs of Russia, Panel Member of the MFA A.V. Gorban visited IIB’s headquarters on 14 November 2013. They held a meeting with the Chairman of Board Nikolay Kosov and the management of the Bank. The main topic…  Read more

A consultation of the Governing Body of the Bank with the Deputy Head of the Russian delegation in the IIB’s Council, the Head of the Department of economic cooperation of the Ministry of Foreign Affairs of Russia, Panel Member of the MFA Mr. Alexander Gorban took place in the IIB’s headquarters on 22 October. The results of the executed work on the transformation and renewal of the Bank were…  Read more