News by country: Slovak Republic

Fitch Ratings keeps IIB rating as investment grade

Following the decision of S&P Global that affirmed the long-term credit rating of International Investment Bank at “A-“ level with a negative outlook, on March 9, 2022 Fitch Ratings reviewed the institution’s long-term credit rating assigning “BBB” with a negative outlook. The decision affirms IIB’s average credit rating at investment grade. It is currently at par with a sovereign credit rating of Hungary, one of its main shareholder states. Despite a number of public announcements made by…  Read more

S&P Global affirms long-term rating of International Investment Bank at "A-" level

On March 9, 2022, international credit rating agency S&P Global affirmed long-term rating of International Investment Bank at “A-“. Among the main factors underpinning the decision, S&P indicates the solid capital position, comprehensive liquidity buffers and the special status of IIB as an international financial institution. Taking into account public statements of some European member states of the Bank regarding their possible withdrawal from IIB amid unfolding geopolitical events, the…  Read more
Continuous shareholder support: IIB receives a paid-in capital injection from the Slovak Republic

Continuous shareholder support: IIB receives a paid-in capital injection from the Slovak Republic

The Republic of Slovakia made a EUR 4,43 million contribution to the paid-in capital of International Investment Bank, thus fulfilling its obligations for the current year under the 2020-2022 Capitalization Program. As a result of this transaction, the Bank’s paid-in capital reached EUR 424,87 million. Since the relocation of the IIB Headquarters to Budapest in summer 2019, the paid-in capital of the institution has increased by more than EUR 85 million. The volume of the loan and…  Read more
IIB and Pet Kupa presented results of

IIB and Pet Kupa presented results of "Clear Water. Happy Tisza" initiative aimed at saving this important water artery of the CEE region from plastic pollution

The Plastic Cup Mapped the Waste Situation at the Tisza from its Spring to its Mouth: Nearly 4000 polluted areas registered on the new waste map. The cross-border programme launched by the Plastic Cup two years ago and sponsored by International Investment Bank (IIB) resulted in a great Tisza Expedition, which mapped the total length of the river. As part of the CLEAN WATER, HAPPY TISZA programme, experts, volunteers and waste management specialists of the Plastic Cup assessed the hotspots of…  Read more
IIB continues to support vital healthcare sector: Medicover Group receives financing from the Bank for further development

IIB continues to support vital healthcare sector: Medicover Group receives financing from the Bank for further development

International Investment Bank has become a creditor in the framework of Medicover Group’s Schuldscheindarlehen (SSD) issuance. Helaba – Landesbank Hessen-Thueringen, Frankfurt - the Bank’s long-standing partner in the private placement and Schuldschein sector – acted as sole-lead arranger for the transaction. The Group will allocate the proceeds from the designated ten-year tranche for further technological modernization and expansion of its operations in the CEE region, primarily, in three of…  Read more