News by country: Russian Federation

IIB publishes audited 2019 financial results: relocation in Europe contributes to growth of net profit, assets and loan portfolio

IIB publishes audited 2019 financial results: relocation in Europe contributes to growth of net profit, assets and loan portfolio

On February 13, 2020, International Investment Bank (IIB) published audited IFRS financial statements for the past year. The Bank’s relocation to Europe gave a strong impetus to its comprehensive development. Despite large-scale events related to the relocation of IIB Headquarters to Budapest, in 2019 the Bank not only did not slow down the pace of its development, but also showed positive results in achieving the targets of its current Strategy. Statements demonstrate positive dynamics in…  Read more
IIB signs a host-country Agreement with the Government of the Russian Federation regarding the seat in Russia. A round table on the current role of development financial institutions held on the sidelines of the event

IIB signs a host-country Agreement with the Government of the Russian Federation regarding the seat in Russia. A round table on the current role of development financial institutions held on the sidelines of the event

On February 11, 2020, at the IIB office in Moscow (Russian Federation) a signing ceremony of the Agreement between the Government of the Russian Federation and International Investment Bank regarding the seat of the IIB Branch on the territory of the Russian Federation took place. On behalf of the Russian Government, the Agreement was signed by the Deputy Minister of Finance Sergey Storchak, also representing the country in IIB Board of Governors; on behalf of the Bank - the Chairperson of the…  Read more
For the first time IIB loan and documentary portfolio exceeded 1 billion euros

For the first time IIB loan and documentary portfolio exceeded 1 billion euros

On December 12, 2019, after the disbursement of funds under two loans provided by International Investment Bank to the Romanian company “BT-Leasing” and to the Russian company “Nord Hydro-White Threshold», for the first time in IIB’s recent history the gross volume of loan and documentary portfolio exceeded the value of 1 billion euro having demonstrated a record growth of 18% since the beginning of 2019. The projects are aimed at the development of renewable energy in the Russian Federation,…  Read more
IIB develops partnerships in Mongolia: Bank representatives signed an important bilateral agreement on the sidelines of the Russian-Mongolian Business Forum

IIB develops partnerships in Mongolia: Bank representatives signed an important bilateral agreement on the sidelines of the Russian-Mongolian Business Forum

In early December 2019, within the framework of the official visit of the Prime Minister of Mongolia Mr. Ukhnaagiin Khurelsukh to Russia, under the auspices of the Chamber of Commerce and Industry of the Russian Federation a Business Forum «Russia–Mongolia. Doing Business in the EAEU single market» was held. The forum was attended by the Head of the Moscow branch of IIB Mr. Grigory Gruzinov, and Senior Advisor to the Management Board Mr. Molomjamts Demchigjav. The opening speech was…  Read more
IIB Board of Directors in Budapest summed up the results of 2019: successful completion of relocation to Europe, record growth of loan portfolio and key performance indicators

IIB Board of Directors in Budapest summed up the results of 2019: successful completion of relocation to Europe, record growth of loan portfolio and key performance indicators

On December 6, 2019, IIB Board of Directors met in Budapest. The meeting summed up the results of the outgoing year, which became not only very successful but to a large degree marked a turning point in recent IIB history. Addressing the high-ranked representatives of IIB member states, the Chairperson of the Management Board Nikolay Kosov noted with satisfaction that the unprecedented task of the Bank’s relocation to Europe was successfully completed. Moreover, the first positive results of…  Read more