News by tag: Projects

IIB Chairman Nikolay Kosov meets Hungarian Prime Minister Viktor Orban

IIB Chairman Nikolay Kosov meets Hungarian Prime Minister Viktor Orban

On January 28, 2019 Hungarian Prime Minister Viktor Orban hosted a meeting with Chairperson of the Management Board of the International Investment Bank Nikolay Kosov in his new residence in the country’s capital. Key focus on the agenda was given to the development of IIB activities taking into account a decision to relocate the Bank’s headquarters to Budapest and enhancement of its operations in Europe. IIB Chairperson of the Management Board provided detailed information to the Hungarian…  Read more
IIB  to allocate funds for environmental initiatives in Mongolia

IIB to allocate funds for environmental initiatives in Mongolia

With a view to continuously promote the implementation of sustainable development principles and ensure environmental protection in member countries, International Investment Bank (IIB) announced allocation of a new grant facility for the implementation of an environmental project. Funds for 100 mln tugriks will be allocated to the Academy of Sciences of Mongolia for works related to studies and restoration of wetlands of the upper creek of the Tuula Gol river flowing in the central region of…  Read more
IIB expands partnership with OTP Banking Group

IIB expands partnership with OTP Banking Group

International Investment Bank (IIB) continues to develop its partnership with OTP Group in various areas of activity. In line with implementation of the Strategic Cooperation Agreement concluded in June 2016, IIB engages in effective business cooperation with the expanding OTP Group (currently operating in Hungary, Bulgaria, Croatia, Montenegro, Romania, Russia, Serbia, Slovakia and Ukraine), in IIB’s European member states and Russia in the area of trade finance, treasury operations, lending…  Read more
1st Annual Meeting of BRICS’ New Development Bank – IIB contributes to the implementation of NDB’s first project in Russia

1st Annual Meeting of BRICS’ New Development Bank – IIB contributes to the implementation of NDB’s first project in Russia

The BRICS countries’ New Development Bank (NDB), with assistance from the International Investment Bank (IIB) and the Eurasian Development Bank (EDB), will launch its first project in the Russian Federation – construction of two hydropower plants in Russia’s republic of Karelia with a combined capacity of 49.8 MW. NDB’s Board of Directors (BoD) approved the corresponding financing of USD 100 million on July 20, 2016 during the events of the 1st Annual Meeting (AM) of NDB’s governing bodies in…  Read more
IIB participates in syndicated lending to Acron Group

IIB participates in syndicated lending to Acron Group

The International Investment Bank started the new year with participation in a syndicated lending to Acron Group — one of the world’s major mineral fertilizer producers. The IIB’s share in the five-year loan reaches USD 25 million. By supporting a Russian producer export potential the Bank actually contributes to the development of the Group’s international operations as the deal has also seen the participation…  Read more