IIB develops trade finance operations with non-member states

August 8, 2019

International Investment Bank (IIB) continues to develop trade finance operations between the Bank’s member states and other countries. In early August, with the participation of the Belorussian Bank JSC “Bank Dabrabyt” and the Russian PJSC “Credit Bank of Moscow”, IIB implemented a pilot transaction in support of deliveries of perfumes and cosmetics from the Russian Federation to the Republic of Belarus. Bank Dabrabyt joined the IIB Trade Finance Support Program (TFSP) as an issuing bank,… Read more

IIB publishes financial results for the first half of 2019

August 2, 2019

International Investment Bank (IIB) published financial statements in accordance with IFRS for the first half of 2019. Data shows positive dynamics of all key indicators of activity, including assets, loan portfolio and capital. Reports were reviewed by auditors – EY Hungary. Financial Result The Bank concluded the reporting period with a profit of 2,87 mln euros as a result of net interest and fee income increase, improved quality of the loan portfolio with a sufficient level of reserves… Read more

IIB Chairperson attends the riverbed overlap ceremony during construction of Bely Porog hydro power plants

July 31, 2019

International Investment Bank’s Chairperson of the Management Board Nikolay Kosov took part in the ceremony of overlap of Kem riverbed related to the construction of Bely Porog hydro power plants. Riverbed overlap is considered a procedure that gives start to new power plants, which will begin its full-scale operations in the first quarter of 2020 already. A long-term loan in the aggregate amount of 8,15 billion rubles (over 155 mln euros) for the implementation of this strategic renewable… Read more

Organization for Economic Cooperation and Development (OECD) has included IIB in the list of international institutions eligible for acceptance of the Official Development Assistance (ODA)

July 26, 2019

Following the joint application submitted to OECD by Hungary and the Slovak Republic, the Development Assistance Committee (DAC) decided to include International Investment Bank in the Official Development Assistance (ODA) program. The Development Assistance Committee is a unique international platform of the largest providers of economic aid promoting inclusive and sustainable growth in developing countries. IIB has been included in the list of international organizations, through which such… Read more

The Slovak Republic – International Investment Bank Technical Assistance Fund pilot project in Vietnam successfully accomplished

July 24, 2019

The Slovak Republic – International Investment Bank Technical Assistance Fund (SR-IIB TAF) has successfully finalized its first project in Vietnam. Supporting the innovative technology transfer from Slovakia to Vietnam, and enhancing sustainability and economic strength of Vietnam´s agricultural sector, the project fully meets the TAF mission and its goals. The eight-month project “Provision of technical assistance to Pewas s.r.o. in regard to the verification of the Aquaholder®… Read more

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