Notice to Bondholders, Creditors and Clients

June 5, 2023

Further to its previous statements, IIB hereby informs that on May 31, 2023 OFAC issued a General License No. 69 Authorizing Certain Debt Securities Servicing Transactions Involving IIB (OFAC General License). In accordance with paragraph (a) of the OFAC General License, all transactions prohibited by Executive Order (E.O.) 14024 that are ordinarily incident and necessary to the processing of interest or principal payments on debt securities issued by International Investment Bank (IIB) prio… Read more

Significant fact - Notice to Bondholders, Creditors and Clients

May 25, 2023

Notice to Bondholders, Creditors and Clients Further to the previous statements, IIB hereby informs its bondholders, creditors and clients that as a result of the imposed US OFAC sanctions, all correspondent banking entities of IIB in the EU blocked all transactions in connection with IIB, including Bank’s nostro accounts in EUR, USD, HUF, CZK, RON. By the decisions of the correspondent banking entities, IIB is technically unable to make payments under standard payment arrangements and… Read more

Address of International Investment Bank

April 19, 2023

Due to US sanctions and the designation of International Investment Bank in the US OFAC SDN list, the Bank is currently deprived of the ability to conduct financial operations. Due to the de-facto termination of Hungary's membership in International Investment Bank, IIB has exhausted basis for further operations from its headquarters in Budapest and in the European Union. The Bank has commenced a relocation of its operations and functions of its headquarters from Hungary to Russia. The… Read more

Statement of International Investment Bank

April 17, 2023

US sanctions imposed against IIB - a multilateral development institution - threaten legitimate interests of its clients, partners and counterparties. With deep regret, IIB states that currently, because of the imposed US sanctions, it has been deprived of the possibility to fulfil obligations to its counterparties. Nevertheless, the Bank has accumulated enough financial resources and assets to honour commitments towards its partners in full. IIB has already begun to contact… Read more

IIB pays back its RUB issue

March 10, 2023

On March 10, 2023 International Investment Bank redeemed its one of the largest in volume RUB denominated bond issue in the amount of 7 bn rubles. Since 2014, IIB has been an active issuer on the Russian debt market, with listing on Moscow Stock Exchange and the redeemed issue was already the ninth in a raw. IIB issues enjoy the highest AAA (Ru) level of ACRA rating agency on domestic scale. IIB constantly adheres to the policy of strict and timely fulfilment of all its current obligations… Read more

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