Hungary increases its share in the paid-in capital of the Bank

January 16, 2020

The Government of Hungary increased its share in the paid-in capital of International Investment Bank (IIB) contributing an amount of 10 million euro on January 15, 2020. This continues a new round of capitalisation of the Bank. Capitalisation programme 2020-2022 received support of the shareholder states of IIB during a historic meeting of the highest governing body of the Bank – the Board of Governors – that took place in December 2018 in Varadero (Republic of Cuba). As a result of this… Read more

IIB provided post-financing under letter of credit

January 15, 2020

International Investment Bank (IIB) in the mid of January 2020 introduced a new product – post-financing under letter of credit – in the Trade Finance Support Program (TFSP) previously confirmed by the Bank, implementing in practice medium-term lending to one of the leading Belarusian banks under a documentary letter of credit. This is the first IIB’s targeted credit under TFSP with 2 years tenor from letter of credit issuance date. Under this project, IIB supported the supply of cotton fibe… Read more

For the first time IIB loan and documentary portfolio exceeded 1 billion euros

December 13, 2019

On December 12, 2019, after the disbursement of funds under two loans provided by International Investment Bank to the Romanian company “BT-Leasing” and to the Russian company “Nord Hydro-White Threshold», for the first time in IIB’s recent history the gross volume of loan and documentary portfolio exceeded the value of 1 billion euro having demonstrated a record growth of 18% since the beginning of 2019. The projects are aimed at the development of renewable energy in the Russian Federation,… Read more

IIB develops partnerships in Mongolia: Bank representatives signed an important bilateral agreement on the sidelines of the Russian-Mongolian Business Forum

December 10, 2019

In early December 2019, within the framework of the official visit of the Prime Minister of Mongolia Mr. Ukhnaagiin Khurelsukh to Russia, under the auspices of the Chamber of Commerce and Industry of the Russian Federation a Business Forum «Russia–Mongolia. Doing Business in the EAEU single market» was held. The forum was attended by the Head of the Moscow branch of IIB Mr. Grigory Gruzinov, and Senior Advisor to the Management Board Mr. Molomjamts Demchigjav. The opening speech was… Read more

IIB Board of Directors in Budapest summed up the results of 2019: successful completion of relocation to Europe, record growth of loan portfolio and key performance indicators

December 9, 2019

On December 6, 2019, IIB Board of Directors met in Budapest. The meeting summed up the results of the outgoing year, which became not only very successful but to a large degree marked a turning point in recent IIB history. Addressing the high-ranked representatives of IIB member states, the Chairperson of the Management Board Nikolay Kosov noted with satisfaction that the unprecedented task of the Bank’s relocation to Europe was successfully completed. Moreover, the first positive results of… Read more

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