On December 7-9, 2016, headquarters of the International Investment Bank (IIB) hosted the events of the 106th Meeting of the IIB Council – the Bank’s highest governing body. The session’s agenda focused on issues of the Bank’s further strategic development and its transition towards a new governance structure. A number of other operational matters were also discussed. In his opening remarks, the Chairman of the IIB Board, Nikolay Kosov, noted: “The Bank has achieved financial stability,…  Read more

Continuing its practice of supporting environmental initiatives in its member states as a “green” development institution, the International Investment Bank (IIB) has decided to provide a EUR 30 000 grant to WWF Hungary for assessing and mapping water resource risks. During a ceremony as part of the Business Forum “Supporting Economic Growth in Hungary and the CEE Region”, IIB’s Chairman of the Board, Nikolay Kosov, presented the corresponding cheque to Katalin Sipos, Country Manager of WWF…  Read more

Today, during the Business Forum “Supporting Economic Growth in Hungary and the CEE Region”, organised as part of the events of the 105th Council Meeting of the International Investment Bank (IIB), the IIB and OTP Bank signed the Strategic Cooperation Agreement. This is the first such document signed by the IIB with a Hungarian entity, and this renewed multilateral lender has gained a strategic partner in the country. Hungary returned to the IIB as a shareholder and member state last yea…  Read more

The International Investment Bank (IIB) intends to provide financing for an infrastructure project related to real estate management of the Budapest University of Technology and Economics – one of the oldest technical universities in Hungary and Europe. A Memorandum of Understanding between the IIB and H2Q-Építő Üzemeltetési, Építőipari és Szolgáltató Korlátolt Felelősségű Társaság (abbr. H2Q, Hungary) was signed today, outlining the arrangements for a future credit line for the estate…  Read more