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

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

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

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