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IIB and Hungary – new chapter in relations

IIB and Hungary – new chapter in relations

On 15 October 2014, during the visit of IIB delegation to Budapest the Chairman of the Board Nikolay Kosov and the Minister for National Economy Mihály Varga signed a Memorandum of understanding, which fixes the principal conditions for the renewal of Hungary’s membership in the Bank according to previously agreed arrangements. The final decision on this matter will be taken during the 102nd meeting of the IIB Council in Sofia in the end of November 2014. Mihály Varga pinpointed that the…  Read more
International Investment Bank joined the Banking Association for Central and Eastern Europe

International Investment Bank joined the Banking Association for Central and Eastern Europe

International Investment Bank formally joined the Banking Association for Central and Eastern Europe (BACEE) in a ceremony which took place in the Hungarian capital Budapest. The Secretary General István Lengyel presented a Certificate of membership to the Chairman of the Board Nikolay Kosov. Theevent, which was held during the annual conference of BACEE, became an opportunity for all the members of the Association, that unites a club of more than 30 financial institutions from 18 countries…  Read more
Asian-Pacific Bank and International Investment Bank extend credits to small business in the Far East

Asian-Pacific Bank and International Investment Bank extend credits to small business in the Far East

Asian-Pacific Bank and International Investment Bank signed an Agreement to finance SMEs, that deliver innovative, modernisation and energy-efficient projects mainly in the Far East and Siberia. IIB extends a EUR 20 million five-year loan for these purposes. The Loan Agreement was signed by the IIB Deputy Chairman of the Board Vladimir Liventsev and the Asian-Pacific Bank Chairman of the Executive Board Sergey Tyrtsev. The document contains requirements…  Read more
Vietnam: IIB increases its potential in Asia

Vietnam: IIB increases its potential in Asia

The State Bank of the Socialist Republic of Vietnam has made its contribution to the capital of the International Investment Bank in the amount of EUR 2,645 million. This payment was made subject to the decision of the Council on the Bank’s recapitalisation. Alongside its own payment Vietnam also covered the obligations of Cuba, which, being a member of the Bank, had to abstain from participation in the process…  Read more
Center-invest Bank and International Investment Bank expand access to financing of small business on the South of Russia

Center-invest Bank and International Investment Bank expand access to financing of small business on the South of Russia

On October 1, 2014 the International Investment Bank signed a EUR 15 million three-year loan Agreement with Center-invest Bank. The loan will be used to fund the realisation of SMEs' innovation, modernisation and energy efficiency projects. The loan Agreement was signed by the Deputy Chairman of the Board of International Investment Bank Vladimir Liventsev and the Chairman of the Executive Board of Center-invest Bank Grigory Zhukov. According…  Read more