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IIB develops a dialogue with Bulgaria: the newly appointed head of the diplomatic mission in Hungary visits the Bank’s Headquarters in Budapest

IIB develops a dialogue with Bulgaria: the newly appointed head of the diplomatic mission in Hungary visits the Bank’s Headquarters in Budapest

On April 27, 2020, Nikolay Kosov, the Chairperson of the IIB Management Board and Rumyana Kyuchukova, the Deputy Chairperson, received the Ambassador Extraordinary and Plenipotentiary of the Republic of Bulgaria to Hungary Mr. Hristo Polendakov at the IIB Headquarters. This was the first visit of the Head of the Bulgarian diplomatic mission to the Bank's Headquarters since his recent appointment. IIB representatives highlighted the main directions of the Bank's activities in the interests of…  Read more
IIB executes new CZK-denominated private placement consolidating its euro negative curve by issuing one of the largest CZK deals by a non-Czech issuer ever

IIB executes new CZK-denominated private placement consolidating its euro negative curve by issuing one of the largest CZK deals by a non-Czech issuer ever

International Investment Bank successfully refinanced its maturing CZK floating rate notes with a new issuance of CZK 2.499 billion (EUR 96.4 million) notes with a 3-year maturity and an annual coupon of 1.50%. The euro after-swap price of the issuance, which was placed under the Bank’s MTN Programme, was fixed at -0.041% p.a.. Further decrease in the cost of funds of the Bank will ultimately benefit the whole region, where IIB is present and active in fulfilling its development mission. The…  Read more
IIB supported the tourism industry in Hungary

IIB supported the tourism industry in Hungary

On April 15, 2021, within the framework of a previously concluded loan agreement International Investment Bank issued the first tranche for the construction of the BalaLand Family Hotel & Resort, and BalaLand Family Park, a large hotel complex and recreation park on the shores of lake Balaton. For the implementation of this significant initiative IIB provided a loan of amount HUF 10 billion (over 27 million euro in equivalent) with a tenor of 18 years. The Hungarian State Agency for Tourism…  Read more
ACRA affirms A to International Investment Bank, outlook Stable, under the international scale, AAA(RU), outlook Stable, under the national scale for the Russian Federation. The agency also affirms AAA(RU) to the IIB bond issues

ACRA affirms A to International Investment Bank, outlook Stable, under the international scale, AAA(RU), outlook Stable, under the national scale for the Russian Federation. The agency also affirms AAA(RU) to the IIB bond issues

Among the key factors that contributed to this decision, ACRA, in particular, names high quality of management and strategy, transparency of operating activities, strong adequacy of capital, funding and liquidity, efficiency of the asset and risk management system, constant support from the member states due to high importance of the IIB’s operation for their economies. Since the beginning of this year, this is already the second positive action that rating agencies have taken with regard to…  Read more

S&P Global affirms long-term rating of International Investment Bank at “A-“ with a stable outlook

On March 31, 2021 international credit rating agency S&P Global affirmed long-term rating of International Investment Bank at “A-“ with a stable outlook. Among the main factors leading to this decision S&P names a “very high” capital adequacy and a “very strong” financial profile of the Bank, good quality of the loan portfolio and assets, growing diversification of funding sources and instruments, continuous shareholder support. S&P underlines that IIB managed to improve its capital…  Read more