News by tag: Projects

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
IIB lends to a Slovak company Tatravagonka

IIB lends to a Slovak company Tatravagonka

The International Investment Bank signed a EUR 30 million 7-year loan agreement with the Slovak company Tatravagónka — one of the leaders of rail freight car manufacturing in Europe. The first tranche in the amount of EUR 15 million has been provided in 2014. These funds will be used by Tatravagónka to expand its operations in the Czech Republic and the Russian Federation. A multilateral nature of the financed project goes in line with the Bank’s course to assist mutual integration of its…  Read more
IIB participates in a syndicated loan to Slovak Gas Holding

IIB participates in a syndicated loan to Slovak Gas Holding

The International Investment Bank became one of the participants in the syndicated loan organised by UniCredit Bank for Slovak Gas Holding (the Slovak Republic). The 5-year loan provided by the Bank amounts to EUR 25 million. It is aimed at supporting the expansion of the company’s operations: refinancing and financing current liabilities as well as providing funds for its activities. The loan became yet another step in the…  Read more