News by tag: Projects

Continued support of the SME sector and green finance in Mongolia: IIB joins a USD 120-million syndicated loan facility to Khan Bank

Continued support of the SME sector and green finance in Mongolia: IIB joins a USD 120-million syndicated loan facility to Khan Bank

International Investment Bank (IIB) became a participant in a USD 120 million (EUR 101.5 million in equivalent) syndicated loan to Khan Bank – Mongolia’s leading commercial bank. Arranged by the Dutch development institution FMO, this facility has other major European development financial institutions, such as France’s Proparco and Germany’s DEG, as well as Atlantic Forfeiting Company Ltd. as its members. The borrower intends to allocate the funds to increase lending volumes for small and…  Read more
IIB supports the largest over the past 15 years project for the export of high-tech power equipment from the Czech Republic to the Russian Federation

IIB supports the largest over the past 15 years project for the export of high-tech power equipment from the Czech Republic to the Russian Federation

International Investment Bank (IIB) has approved the provision of an irrevocable guarantee to ZDAS a.s. (Czech Republic) for the implementation of a large-scale project involving the design, construction and installation of a modern power plant at the Magnitogorsk Iron and Steel Works - MMK (Russian Federation). The total project volume is 172 million euros. The highly efficient and environmentally friendly steam-electric power plant will allow MMK to use gas from newly - built blast furnaces…  Read more
IIB continues to support vital healthcare sector:  Medicover Group receives financing from the Bank for further development

IIB continues to support vital healthcare sector: Medicover Group receives financing from the Bank for further development

International Investment Bank has become a creditor in the framework of Medicover Group’s Schuldscheindarlehen (SSD) issuance. Helaba – Landesbank Hessen-Thueringen, Frankfurt - the Bank’s long-standing partner in the private placement and Schuldschein sector – acted as sole-lead arranger for the transaction. The Group will allocate the proceeds from the designated ten-year tranche for further technological modernization and expansion of its operations in the CEE region, primarily, in three of…  Read more
IIB boosts investment volumes in member states in 2020

IIB boosts investment volumes in member states in 2020

Year 2020 - the 50th Anniversary year since the foundation of International Investment Bank - was marked as a period of unprecedented challenges of a global scale. The COVID-19 pandemic continues to impose its serious impact on the economic growth of IIB shareholders with no exception, while further exacerbating the need for development financing. Responding to such demands IIB, despite the external turbulences, managed to maintain and even ramp up the dynamics of its lending operations in the…  Read more
IIB supports digital industry development: The Bank grants a loan to the global provider of IT solutions Softline Group

IIB supports digital industry development: The Bank grants a loan to the global provider of IT solutions Softline Group

International Investment Bank has disbursed the first tranche under a loan agreement signed with a global provider of IT solutions and services, the Softline Group (hereinafter referred to as the "Group"). According to the terms of the transaction, the Bank will provide a loan up to USD 26.3 million for a period of 7 years. The received financing will support further development of the Group's business, in particular, its expansion of geographical presence and acquisition of new assets.  Read more