News by country: Slovak Republic

Slovakia and Mongolia, with the support of the IIB, expand cooperation in the area of anti-money laundering and combating the financing of terrorism

Slovakia and Mongolia, with the support of the IIB, expand cooperation in the area of anti-money laundering and combating the financing of terrorism

The Technical Assistance fund (TAF) established by the Slovak Republic (SR) and the International Investment Bank (IIB) will provide consultancy services to Mongolian public authorities on the issues of national anti-money laundering and combating the financing of terrorism (AML/CFT). The assistance related to the adaption of the Mongolian legislation in compliance with the Recommendations for Combating the Financing of Terrorism of the Financial Action Task Force (FATF Recommendations). This…  Read more
Discussions on DFIs compliance risks at IIB’s Bratislava conference

Discussions on DFIs compliance risks at IIB’s Bratislava conference

One of the integral features of modern development financial institutions (DFIs) is the application in work of regulated and constantly updated compliance procedures.This allows DFIs to remain transparent to shareholders and effectively combat prohibited practices, such as fraud, corruption and conflicts of interest, anti-money laundering and combating the financing of terrorism (AML/CFT). The issues of compliance risks related to the DFIs activities and ways for their decrease took cente…  Read more
IIB at TATRA SUMMIT 2017: multilateral cooperation as a driver for global growth

IIB at TATRA SUMMIT 2017: multilateral cooperation as a driver for global growth

On October 27-28, 2017, a key business forum for the region of Central and Eastern Europe (CEE) - TATRA SUMMIT 2017 – was held in Slovakia with the participation of the delegation of the International Investment Bank (IIB) led by the Chairman of the IIB Board, Nikolay Kosov. The main discussions of the summit focused on the future of European integration, the labor market and changes in the EU investment climate in the context of the search for drivers of regional and global growth. TATRA…  Read more
IIB supports Slovak energetic giant – Bank’s largest investment in Slovakia

IIB supports Slovak energetic giant – Bank’s largest investment in Slovakia

As a part of the strategic development of its shareholders’ energy sector, the International Investment Bank (IIB) issued a EUR 60 million loan to the Slovak Slovenské elektrárne, a.s. for a 7-year period. The IIB’s bid came as the most favorable out of an international tender of the borrower. Slovenské elektrárne, a.s. is the largest energy company in Slovakia which focus on the production and sale of the electricity and heat. At the moment, the deal is the largest, flagship investment…  Read more
IIB and Slovakia continue to discuss opportunities to expand cooperation

IIB and Slovakia continue to discuss opportunities to expand cooperation

On March 13, 2017, the top officials of the International Investment Bank (IIB), led by the Chairman of the Board Nikolay Kosov, held working consultations with the official representatives of the Slovak Republic on a wide range of issues regarding further expansion of the IIB’s operations in the country. Slovakia was represented by the Head of the SR delegation in the IIB Council, the State Secretary of the Ministry of Finance of the SR, Mrs. Dana Meager, the State Secretary of the Ministry…  Read more