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Russian private pension funds can invest in IIB’s securities

Russian private pension funds can invest in IIB’s securities

On August 28, the Central Bank of Russia (CBR) published on its official website amendments to the Regulation No. 451-P, which allow Russian private pension funds to invest pension savings in securities of international financial institutions with a credit rating no lower than three grades below that of the Russian Federation from at least one of the following rating agencies — Fitch, Moody’s and Standard &…  Read more
IIB supports Slovak export for the first time (trade finance)

IIB supports Slovak export for the first time (trade finance)

On August 19, 2015, the International Investment Bank closed its first trade finance deal with the Slovak Republic, having supported export from Slovakia to Belarus of high temperature power generators for spray dryers for Holding Mogilyov dairy company Babushkina Krynka by Slovak exporter Vzduchotorg, spol. s r.o. The Bank issued an irrevocable reimbursement undertaking by the order of JSC Development Bank of the Republic of Belarus in favour of…  Read more
IIB aiming to return into the energy sector through a potential partnership with a leading Romanian oil and gas services company

IIB aiming to return into the energy sector through a potential partnership with a leading Romanian oil and gas services company

The headquarters of the International Investment Bank were visited today by Gabriel Comanescu, CEO and Chairman of the Board of Grup Servicii Petroliere, S.A. (GSP), a leading Romanian oil and gas services company providing offshore integrated solutions for the industry. Mr. Comanescu held a meeting with IIB’s Chairman of the Board, Nikolay Kosov, and other IIB representatives to discuss possible cooperation, which could turn into a long-lasting…  Read more
IIB provides its first bank guarantee, supports expansion of lending to Russian SMEs

IIB provides its first bank guarantee, supports expansion of lending to Russian SMEs

Today the International Investment Bank issued its first (since its re-launch at the end of 2012) irrevocable undertaking in favour of JSC SME Bank in order to secure the obligations of JSC NBD-Bank (Nizhny Novgorod) for RUB 313.7 million under a loan facility for support of small and medium-sized enterprises in Russia. This way, the IIB continues to expand the range of financial products in line with its renewed credit policy,…  Read more
IIB supports Czech exports under its first trade finance deal with Belinvestbank

IIB supports Czech exports under its first trade finance deal with Belinvestbank

As part of its continuing support for trade finance operations, on August 12, 2015 the International Investment Bank issued its first TF deal by the order of JSC Belinvestbank in favour of a client of Československá obchodní banka, a.s., supporting export from the Czech Republic to the Republic of Belarus of semi-trailer tanks for liquefied petroleum gas transport by one of the biggest Czech producers of gas equipment,…  Read more