News by country: Socialist Republic Of Vietnam

Inaugural Board of Governors Meeting: new milestone in institution’s development

Inaugural Board of Governors Meeting: new milestone in institution’s development

On December 3-4, 2018 in accordance with the new statutory documents that entered into force in August this year first meetings of the Board of Directors and the Board of Governors of the International Investment Bank (IIB) took place in Varadero (Republic of Cuba). The scale of decisions taken significantly empowers the Bank and allows for its further intensive growth in the long-term. The Board of Governors voted for a relocation of IIB Headquarters to Budapest from Moscow. As a…  Read more
Focus on integration: IIB strengthens economic cooperation between member states

Focus on integration: IIB strengthens economic cooperation between member states

On the sidelines of the joint meeting of the Board of Governors of International Investment Bank (IIB) and of the Council of the International Bank for Economic Cooperation (IBEC) a Memorandum of understanding was concluded between IIB, IBEC and a production company Viglacera Corporation (Socialist Republic of Vietnam). Chairperson of the Management Board Nikolay Kosov signed the document on behalf of IIB, Chairman of the Board Denis Ivanov and Deputy Chairman ofthe Board Thinh Thi Hong were…  Read more
Fitch Ratings has upgraded IIB’s long-term credit rating to BBB+ with a stable outlook

Fitch Ratings has upgraded IIB’s long-term credit rating to BBB+ with a stable outlook

On November 22, 2018, the international rating agency Fitch Ratings upgraded the International Investment Bank’s long-term credit rating to BBB+ with a stable outlook. This rating upgrade is already the fourth positive rating action taken in relation to the Bank by international rating agencies this year. As the main factors that contributed to the upgrade, Fitch lists a significant improvement in the quality and geographical diversification of the Bank’s loan portfolio, a stronger internal…  Read more
Traditional meeting of IIB Management and heads of diplomatic missions of member countries

Traditional meeting of IIB Management and heads of diplomatic missions of member countries

Main scopes of strategic development of the International Investment Bank (IIB) and key issues on the agenda of the upcoming Board of Governors and Board of Directors meetings became focal points for discussion during the X jubilee meeting of the Ambassadors club of the Bank’s shareholders. Multilateral constructive dialogue with participation of heads of diplomatic missions of IIB member states and observers in Moscow, Governor from the Russian Federation in the Bank’s Board of Governors,…  Read more
IIB continues to expand cooperation with international development banks

IIB continues to expand cooperation with international development banks

In October International Investment Bank (IIB), jointly with the European Investment Bank (EIB), the European Bank for Reconstruction and Development (EBRD) and two Czech ministries - finance and industry and trade offered a unique opportunity for all exhibiting companies as well as for visitors of the International Engineering fair in Brno (Czech Republic) to get a detailed information about their credit products and services at a seminar named “Financing Opportunities Offered by International…  Read more