International Investment Bank: Renewed Strategy Approved by All the member states

November 30, 2012

The 98th Council meeting of the International Investment Bank took place in Moscow. The Russian Federation was chairing the meeting, which was conducted by the head of the Russian delegation in the IIB Council, Deputy Minister of Finance of the Russian Federation Sergey Storchak and by his Deputy, the Head of the Department of Economic Development, the Member of the Board in the Ministry of Foreign Affairs of the Russian… Read more

The 98th Council Meeting of the International Investment Bank Started Today

November 28, 2012

The 98th Council meeting of the IIB started today in Moscow. The participants of the meeting are: the delegations of the Republic of Bulgaria, the Socialistic Republic of Vietnam, the Republic of Cuba, Mongolia, the Russian Federation, Romania, the Slovak Republic, the Czech Republic and also delegations of Hungary and Poland (as observers). The meeting is conducted by Sergey Storchak, the Head of the delegation of the RF, deputy… Read more

IIB supports small and mid-sized businesses of Bulgaria

November 20, 2012

The Board of the International Investment Bank endorsed opening a credit line to the Bulgarian Bank of Development for the support of small and mid-sized businesses of Bulgaria. The total bank credit will amount to EUR 20 million. The loan will be provided for a term of seven years. In addition to financing end-use borrowers, the BBD can give loans to the Bulgarian commercial banks to fund similar projects. The credit line… Read more

The IIB: a syndicated loan for Mongolia

November 12, 2012

The International Investment Bank has made a decision to participate in a syndicated loan for the Mongolian Xac Bank. The IIB will grant the loan together with the European Bank for Reconstruction and Development. The total bank credit will amount to USD 30 million (with IIB’s share of USD 8 million). The loan will be provided for a term of three years. One of the largest Mongolian banks, Xac Bank is the leader both in financing… Read more

IIB delegation visited the State Bank of Vietnam

November 5, 2012

On November 6 the IIB Chairman of the Board Nikolay Kosov visited the State Bank of Vietnam where he had a meeting with its Head Mr. Nguen Vagn Bign. The IIB Head was visiting the country as part of the Chairman of the Government of the Russian Federation Dmitry Medvedev’s state visit to Vietnam. Mr. Bign congratulated Nikolay Kosov on his appointment as the Head of the IIB, emphasized the important role the Head… Read more

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