The International Investment Bank (IIB) has joined the International Finance Corporation (IFC) and the Netherlands Development Finance Company (FMO), which have organised a syndicated USD 125.5 million facility for Mongolia’s XacBank, one of the leading lenders to micro and small businesses in the country. Along with other financial institutions, they will support the development of XacBank’s loan operations, including lending to SMEs. IIB’s share in the loan with a maturity of up to 3 years…  Read more

Moving from intentions to tangible cooperation after signing the Memorandum of Understanding in May last year, the International Investment Bank (IIB) and the International Bank for Reconstruction and Development (IBRD) – part of the World Bank Group (WBG) – have successfully concluded the corporate governance part of the Reimbursable Advisory Services (RAS) provided by the IBRD to the reformed multilateral lender. During this phase, the IBRD has reviewed IIB’s governance system and prepared…  Read more

The International Investment Bank (IIB) has signed the first co-financing deal with its long-term partner – the Black Sea Trade and Development Bank (BSTDB). These international financial institutions have granted a EUR 50 million loan with a maturity of 7 years to the Greek group Tyras specialising in production of dairy products. IIB’s share in the total loan amount is 44% (EUR 22 million) and BSTDB’s – 56% (EUR 28 million). The BSTDB is one of IIB’s main partners among IFIs – it accepted…  Read more