News by tag: Projects

IIB will provide EUR 100 mln credit facility to MVM Group for the development of the Hungarian energy infrastructure - the largest loan disbursement in the Bank’s recent history

IIB will provide EUR 100 mln credit facility to MVM Group for the development of the Hungarian energy infrastructure - the largest loan disbursement in the Bank’s recent history

International Investment Bank has signed the largest credit facility agreement in its recent history with the leading Hungarian state-owned energy holding, MVM Magyar Villamos Művek Zrt. (MVM Group). According to the terms of the deal, IIB will provide a loan of EUR 100 mln in HUF equivalent with a tenor of 15 years. The funds are aimed to support the large-scale modernization and further development of the Hungarian national natural gas energy infrastructure. MVM’s natural gas distribution…  Read more
IIB supports the development of strategic Hungarian tourism industry: the Bank will provide a loan for the construction of an important family resort and recreation centre on Lake Balaton.

IIB supports the development of strategic Hungarian tourism industry: the Bank will provide a loan for the construction of an important family resort and recreation centre on Lake Balaton.

A delegation of International Investment Bank headed by the Deputy Chairperson of the Management Board Georgy Potapov and the Deputy Chairperson of the Management Board Imre Laszlóczki took part in the foundation-laying ceremony of a an important family resort and recreation park, which will be built with the financial support of IIB. For the implementation of this significant initiative, designed to give a powerful impetus to the development of the entire tourism industry of the country,…  Read more
For the first time IIB loan and documentary portfolio exceeded 1 billion euros

For the first time IIB loan and documentary portfolio exceeded 1 billion euros

On December 12, 2019, after the disbursement of funds under two loans provided by International Investment Bank to the Romanian company “BT-Leasing” and to the Russian company “Nord Hydro-White Threshold», for the first time in IIB’s recent history the gross volume of loan and documentary portfolio exceeded the value of 1 billion euro having demonstrated a record growth of 18% since the beginning of 2019. The projects are aimed at the development of renewable energy in the Russian Federation,…  Read more
IIB continues dialogue with shareholders

IIB continues dialogue with shareholders

On June 3, 2019 within the framework of his officialvisit to the Russian Federation Vice President of the Council of Ministers of the Republic of Cuba Ricardo Cabrisas Ruis held a bilateral meeting with the Chairperson of the Management Board of International Investment Bank Nikolay Kosov. High level Cuban officials, as well as board members and management of the financial institution were also in presence. Head of IIB updated the Cuban delegation on the status of practical implementation of…  Read more
IIB provides financing for a new green energy project in the Slovak Republic

IIB provides financing for a new green energy project in the Slovak Republic

International Investment Bank (IIB) announces the signing of a loan agreement with Zvolenska Teplarenska a.s., that involves the provision of financing for a period of 15 years for the construction of a modern heat generating plant in Zvolen (the Slovak Republic). The funds allocated by the Bank will be used for construction of a greenfield thermal power plant operating on environmentally friendly fuel (biomass) and its high-tech equipment supply. Technical parameters of the power plant will…  Read more