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Vnesheconombank granted observer status at International investment bank

Vnesheconombank granted observer status at International investment bank

State Corporation «Bank for Development and Foreign Economic Affairs» (Vnesheconombank) was assigned to an observer status at the International investment bank (IIB). The appropriate decree was approved by the IIB Council. The observer status was introduced in IIB in June 2013 for the purpose of ensuring effective coordination with the main key partners. Vnesheconombank as one of the largest international institutions for development…  Read more
International Investment Bank in “Money and credit” Magazine

International Investment Bank in “Money and credit” Magazine

The article «International investment bank: tasks of the further development» by Mr. Demchigjav Molomjamts the Deputy Chairman of the Board of the International investment bank was published in the current issue of the magazine «Money and credit». The article highlights the history of the Bank from its foundation in 1970, emphasing the multilateral and international nature of its activities. The author presents the main…  Read more
Slovak Republic to Make Contribution into the International Investment Bank Capital

Slovak Republic to Make Contribution into the International Investment Bank Capital

Slovak Republic is ready to make a contribution into the International investment bank capital in 2014. The Deputy Prime Minister and the Minister of Finance of the Slovak Republic Mr. Peter Kažimír informed the Bank management on this account in the official letter. In accordance with the relevant share of Slovakia in the capital its contribution will be EUR 6.3 million Therefore Slovakia (sovereign rating A+) became the second country…  Read more
Negotiations with the Minister of Finance of the Republic of Bulgaria

Negotiations with the Minister of Finance of the Republic of Bulgaria

During his visit to the Russian Federation Minister of Finance of the Republic of Bulgaria Petar Chobanov held a meeting with the senior management of the International Investment Bank. Nikolay Kosov briefed Mr. Chobanov on the main results of the current transformation of the Bank — modernization of the regulatory framework, readjustment of the old credit portfolio, implementation of the risk management system, list…  Read more
Bulgaria Capitalizes International Investment Bank

Bulgaria Capitalizes International Investment Bank

The Government of Bulgaria has officially approved the increase of the paid-in capital of the International Investment Bank. In accordance with its share, Bulgaria will transfer EUR 12,36 million to the capital of IIB. The given funds will be taken into consideration in the state budget for 2014. As was noted by Bulgarian authorities, this decision is aimed at «the growth of activity of the Bank and the increase…  Read more