UPDATING Coronavirus – Orbán: Hungary Closes Borders for All Passenger Transport, Gov’t Bans All Events

March 16, 2020

Hungary will close its borders for all passenger transport and only Hungarian citizens will be allowed to enter, Prime Minister Viktor Orbán said on Monday. International coordination talks on the closure are under way, he said in parliament. Gov’t bans all events from Monday midnightAll events in Hungary will be banned starting at midnight on Monday, Prime Minister Viktor Orbán said in parliament, adding that sporting events should be held behind closed doors unless the organisers cancel… Read more

Shareholder Support: paid-up capital of IIB increases by 10 million euros

March 16, 2020

In accordance with the decision of IIB member states, which envisages the implementation of a new capitalization program in the amount of up to 200 million euro till 2022, the Russian Federation made a contribution to the IIB paid-in capital. As a result of this 10 million euro transaction, the Bank’s paid-in capital reached 359.61 million euro. The consistent implementation of the capitalization program will allow the Bank not to reduce the accumulated growth rate of lending and investment… Read more

Supported by the Hungarian Ministry of Foreign Affairs and Trade IIB held a presentation for Hungarian exporters

February 20, 2020

On February 18, 2020, International Investment Bank (IIB) together with the Ministry of Foreign Affairs and Trade of Hungary hosted a business breakfast dedicated to the topic of support of Hungarian export companies. Among the participants of this significant business event were the owners and top managers of leading Hungarian exporting SMEs, representing such key sectors of as agriculture, food processing, mechanical engineering, household and medical equipment manufacturing,… Read more

IIB named “Best International Issuer of the year” by the Budapest Stock Exchange

February 14, 2020

On February 13, 2020, in Budapest (Hungary), the traditional Annual award ceremony took place. Following the debut HUF bond placement in March and the next HUF issue in October 2019, International Investment Bank was recognized by BSE as the “Best International Issuer of the Year” on the Hungarian Debt Capital Market. Jozef Kollár, the First Deputy Chairperson of IIB Management Board, in charge of Treasury and Funding, received the award from Mr. Richard Végh, BSE CEO. IIB has been… Read more

IIB publishes audited 2019 financial results: relocation in Europe contributes to growth of net profit, assets and loan portfolio

February 13, 2020

On February 13, 2020, International Investment Bank (IIB) published audited IFRS financial statements for the past year. The Bank’s relocation to Europe gave a strong impetus to its comprehensive development. Despite large-scale events related to the relocation of IIB Headquarters to Budapest, in 2019 the Bank not only did not slow down the pace of its development, but also showed positive results in achieving the targets of its current Strategy. Statements demonstrate positive dynamics in… Read more

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