IIB and Hungary continue a fruitful dialogue

September 14, 2021

On September 13, 2021 Deputy Prime Minister, Minister of Finance of Hungary Mihaly Varga, held a working meeting with the Chairperson of the Management Board of International Investment Bank Nikolay Kosov. Mr. Varga represents Hungary in the Bank’s Board of Governors. The Parties carried a detailed discussion on the current results of the institution’s activities, including those in Hungary, outlined specific plans for further build-up of the loan and documentary portfolio, and touched upon… Read more

IIB further expands its partner network in Europe: The Bank signed a Memorandum of Understanding with the Council of Slovak Exporters

September 6, 2021

Aiming to promote international trade and to extend support to Slovak business entities International Investment bank and the Council of Slovak Exporters (CSE) have concluded a Memorandum of Understanding (MOU). The document, among other things, provides for strengthening of business relations and promotion of economic collaboration between members and clients of both institutions, sharing of relevant market information to enhance multilateral trade and business, organization of business… Read more

Minister of Foreign Affairs of the Russian Federation Sergey Lavrov and Minister of Foreign Affairs and Trade of Hungary Péter Szijjártó visited the IIB Headquarters in Budapest

August 24, 2021

On August 24, 2021, as a part of his working trip to Budapest, the Minister of Foreign Affairs of the Russian Federation Sergey Lavrov together with the Minister of Foreign Affairs and Trade of Hungary Péter Szijjártó paid a visit to the IIB Headquarters. During the event, the high-level representatives of two largest shareholders of International Investment Bank held a working meeting with the Chairperson of the IIB Management Board Nikolay Kosov. Mr. Kosov introduced the Management… Read more

Fitch affirms long-term rating of International Investment Bank at “A-“ with a stable outlook

August 18, 2021

On August 18, 2021 international credit rating agency Fitch Ratings affirmed long-term rating of International Investment Bank at “A-“ with a stable outlook. The rating affirmation, IIB's third in 2021, praised the Bank’s financial stability and its effective response to the consequences of the COVID-19 pandemics. Among the main factors underpinning the A- rating, Fitch indicates the financial solvency and risk profiles supported by current and forecasted capitalization levels, robust… 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

August 12, 2021

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

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