News by tag: Projects

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
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