News by country: Russian Federation

IIB increases the Hungarian trade finance portfolio

IIB increases the Hungarian trade finance portfolio

The successful completion of IIB relocation to Budapest and acquisition of the European SWIFT code (IIBMHU22) gave a strong impetus to further growth of the Hungarian trade finance portfolio and to geographic diversification of borrowers in Eastern Europe. One of the Bank’s landmark transactions within the IIB Trade Finance Support Program (TFSP) was the issuance of IIB's guarantee against the counter guarantee of one of the leading Hungarian banks in favor of a Luxembourg electricity…  Read more
IIB actively develops dialogue with member states: first meeting of the Ambassadors Club after headquarters relocation took place in the Ministry of Foreign Affairs and Trade of Hungary

IIB actively develops dialogue with member states: first meeting of the Ambassadors Club after headquarters relocation took place in the Ministry of Foreign Affairs and Trade of Hungary

On November 29, 2019, IIB held a first after its Headquarters relocation to Europe meeting of the Ambassadors Club – heads of diplomatic missions of the Bank’s shareholder states in Budapest. At the suggestion of the Hungarian side, the meeting took place at the Ministry of Foreign Affairs and Trade. Minister of Foreign Affairs and Trade of Hungary Péter Szijjártó and Minister of State for Financial Policy Affairs of Hungary Gabor Gion, who represents the country as Vice Governor in the Board…  Read more
Interim results of IIB operations after its relocation to Europe: the Bank enhances its lending and investment activities in the interest of member states

Interim results of IIB operations after its relocation to Europe: the Bank enhances its lending and investment activities in the interest of member states

The meeting of the Management Board of International Investment Bank (23d since the actual relocation of the Bank’s Headquarters to Budapest) took place this week, where among other issues, a number of investment projects were discussed. In the last six months, the Bank managed to maintain the pace and even increase volumes of its lending and investment activities. A significant decrease in the cost of funding attracted in member states capital markets played an important role in that. In…  Read more
IIB receives the highest credit rating from Russian national agency ACRA on a national scale

IIB receives the highest credit rating from Russian national agency ACRA on a national scale

On November 18, 2019 Russian Analytical Credit Rating Agency (ACRA) announced the assignment of the highest-level investment credit rating according to the Russian national scale at AAA(RU) to International Investment Bank (IIB) with a stable outlook. According to the information from the agency AAA rating is a “maximum credibility level assigned to rated entities”. In the press release published by ACRA, among key factors that determined the highest level of rating, were high levels of…  Read more
IIB Chairperson Nikolay Kosov addressed the participants of the third Budapest Water Summit: “It’s time to unite all efforts to protect water resources on a global scale”

IIB Chairperson Nikolay Kosov addressed the participants of the third Budapest Water Summit: “It’s time to unite all efforts to protect water resources on a global scale”

The Chairperson of IIB Management Board Nikolay Kosov took part in the third Budapest Water Summit, which was held in the Hungarian capital on October 15-17, 2019. Representatives of global political, financial and economic elite, heads of national and multilateral development institutions and international organizations, authoritative public figures and opinion leaders, prominent scientists and environmentalists participated in this important and already traditional international forum,…  Read more