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IIB provides a new loan for support of Romanian agricultural sector

IIB provides a new loan for support of Romanian agricultural sector

On March 25, 2020, International Investment Bank (IIB) in accordance with the agreement signed earlier in February 2020, extended another loan facility to the Romanian company Agricover Credit IFN SA aimed at financing of business development of the countries’ agricultural producers. The loan with a tenor of 7 years was granted in RON and amounts to 10 million euros in equivalent. Agricover Credit IFN SA is a leading non-banking financial institution in Romania, which provides credit…  Read more
IIB acquires the historic Lánchíd Palota building for its headquarters in Budapest

IIB acquires the historic Lánchíd Palota building for its headquarters in Budapest

On March 24, 2020, International Investment Bank and DOB-68 ZRT Company in full accordance with the requirements of the Hungarian legislation signed the documentation on the acquisition of the historic Lánchíd Palota building, located at Fő u, 1 by the Bank. Constructed in the 19th century, this neo-Renaissance building is one of the most beautiful in Budapest. Designed by a famous Hungarian architect Miklós Ybl it is located on the bank of the Danube river, at the foot of the Buda Castle,…  Read more
IIB successfully registers its first ever Medium Term Notes (MTN) Programme on Dublin Stock Exchange

IIB successfully registers its first ever Medium Term Notes (MTN) Programme on Dublin Stock Exchange

The Medium Term Notes (MTN) Programme provides a maximum debt of up to EUR 1.5 bn that could be issued in the international capital markets (with the possibility to be upsized in the future) without specifying a pre-determined time period for these issuances (multi-year). Through the MTN Programme IIB will be able to not only issue benchmark bonds in the international markets but also to flexibly use short market windows and issue private placements in hard or local currencies. The Programme…  Read more
IIB Announcement on the COVID 19 pandemic situation

IIB Announcement on the COVID 19 pandemic situation

Dear Clients and Partners of International Investment Bank, Taking into account the global pandemic situation related to coronavirus infection (COVID 19), in order to protect the health of its employees the Management Board of IIB has taken a decision to temporarily close the office of IIB Headquarters situated at Váci út 188, Budapest 1138 as a precautionary measure and transfer all staff into remote work mode starting March 17, 2020. We assure our partners and clients that the Bank’s…  Read more
UPDATING Coronavirus – Orbán: Hungary Closes Borders for All Passenger Transport, Gov’t Bans All Events

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

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