Completion of relocation, increase in capital, new appointments – Budapest hosts the first meetings of IIB Board of Directors and Board of Governors after the Bank’s move to Europe

September 19, 2019

On September 16 - 17, 2019 International Investment Bank Board of Directors and Board of Governors meetings took place in Budapest. These events had historical significance being the first ones after the Bank’s relocation to the Hungarian capital. Naturally, Hungarian vector prevailed throughout the course of events. Prior to meetings of the governing bodies of IIB Hungary opened a new round of the Bank’s capitalization with a contribution to IIB paid-in capital in the amount of 10 million… Read more

Fitch Ratings has improved the outlook for IIB long-term BBB+ rating from “stable” to “positive”

September 13, 2019

On September 11, 2019 Fitch Ratings improved the outlook for IIB long-term rating BBB + from “stable” to “positive”. This is a second in 2019 and already a sixth positive rating action on the Bank from leading international rating agencies since the beginning of 2018. Fitch calls the ongoing comprehensive improvement of the institute's business profile the main factor that contributed to this decision. The Agency’s report points out that as a result of successful relocation to Budapest… Read more

IIB joins the unique professional HR community of international financial institutions

September 9, 2019

HR Department representatives of International Investment Bank took part in the annual meeting of the International Financial Institutions Compensation and Human Recourses Specialists Group, which took place on August 27-29 this year in Vienna (Austria). The OPEC Fund for International development hosted the event. Established in 1997 initiated by several major IFIs, including International Monetary Fund, World Bank, Asian Development Bank and Inter-American Development Bank, today this… Read more

Minister of State for Financial Policy Affairs of Hungary Gabor Gion visits IIB Headquarters

August 30, 2019

On August 28, 2019 Minister of State for Financial Policy Affairs of Hungary Gabor Gion, Deputy Governor of the IIB Board of Governors, paid a visit to the Bank’s Headquarters. Mr. Gion met with the Chairperson of the Management Board Nikolay Kosov, Board members and key managers of IIB. The high-ranked guest was informed about the successful completion of the institution’s Headquarters relocation to Europe. It was underlined that as a result, the decision – making center, the Bank’s… Read more

IIB expands product line

August 16, 2019

International Investment Bank (IIB) continues to expand trade finance product line and for the first time since the launch of IIB Trade Finance Support Program (TFSP) in 2014 added its confirmation to the documentary letter of credit in August 2019. During the five years (2014-2019) of the TFSP development, IIB acted mainly as an intermediary bank, covering credit risks of issuing banks-partners of the Program by issuing guarantees, standby letters of credit and irrevocable reimbursement… Read more

News