IIB extends a loan to the Development Bank of Mongolia

September 14, 2015

On September 14, 2015, the International Investment Bank has signed a loan agreement with the Development Bank of Mongolia in the amount of EUR 20 million for seven years. The loan facility will be used to support the SME sector, in particular to contribute to the implementation of socially significant projects in Mongolia. This is the seventh loan in the IIB’s current portfolio, which brings the total amount… Read more

Russian private pension funds can invest in IIB’s securities

August 31, 2015

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)

August 19, 2015

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

August 13, 2015

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

August 13, 2015

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

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