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Historical success – IIB for the first time reaches negative rate for its long-term funding

Historical success – IIB for the first time reaches negative rate for its long-term funding

IIB continues the series of successful funding deals this year, reaching for the first time in its 50-year-long history a negative interest rate of EUR fixed -0.05% p.a. on the after-swap basis, by placing a floating rate note amounting to RON 190 million (approx. EUR 39 million) with 2-year maturity. The deal was placed under the IIB’s recently updated MTN Programme and will be listed on Dublin Stock Exchange. ING Bank NV, IIB’s long-term partner and one of the dealers under the MTN…  Read more
IIB’s effort in the risk management area within the context of COVID-19 pandemic.

IIB’s effort in the risk management area within the context of COVID-19 pandemic.

"I will prepare myself, and my time must come." Abraham Lincoln. During the course of 2020, Risk Department of International Investment Bank put an extraordinary effort into ensuring that IIB could confidently navigate uncertainty emerging from the pandemic. In response to the arising situation, RM implemented a proactive and multilayer system of response measures, which enabled the bank to preserve the robust level of financial stability and stay within the pre-approved risk appetite while…  Read more
IIB achieves a new lowest euro after-swap price for its funding, following the recent MTN Programme update

IIB achieves a new lowest euro after-swap price for its funding, following the recent MTN Programme update

Following the update of its MTN Programme registered on 26th February 2021, International Investment Bank executed its third private placement this year, denominated in the Hungarian forint, in the volume of HUF 8.5 billion (EUR 23.3 million) with the coupon amounting to 1.90% p.a. reaching a record low euro after-swap price of 0.065% p.a. It is the fourth issue denominated in HUF for IIB over the last 2 years making the total amount outstanding HUF 70.7 billion (approx. EUR 192 million),…  Read more
Final Step in the Relocation to Europe: new permanent IIB Headquarters officially opened in Budapest

Final Step in the Relocation to Europe: new permanent IIB Headquarters officially opened in Budapest

On February 19, 2021, an official inauguration of permanent headquarters of International Investment Bank situated in a historic Lánchíd Palota building (Fo utca, 1) took place in Budapest. Governors of two major shareholders of the Bank – the Russian Federation and Hungary – on the IIB Board of Governors, Deputy Prime Minister, Minister of Finance of Hungary Mr. Mihaly Varga and Deputy Finance Minister of the Russian Federation Mr. Timur Maksimov were among the special guests of the…  Read more
IIB boosts investment volumes in member states in 2020

IIB boosts investment volumes in member states in 2020

Year 2020 - the 50th Anniversary year since the foundation of International Investment Bank - was marked as a period of unprecedented challenges of a global scale. The COVID-19 pandemic continues to impose its serious impact on the economic growth of IIB shareholders with no exception, while further exacerbating the need for development financing. Responding to such demands IIB, despite the external turbulences, managed to maintain and even ramp up the dynamics of its lending operations in the…  Read more