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IIB supports the import of Belarusian machinery and equipment to the Russian Federation

IIB supports the import of Belarusian machinery and equipment to the Russian Federation

International Investment Bank (IIB) to facilitate the import substitution of one of its member countries - the Russian Federation - supported the delivery of elevator equipment and automotive components to the Russian Federation from the Republic of Belarus, issuing a short-term target loan of €30 million to OJSC «Development Bank of the Republic of Belarus». In accordance with the international agreement of December 8, 1999 the Russian Federation and the Republic of Belarus are part of Union…  Read more
IIB expands international cooperation: participates in BACEE’s annual conference on compliance and combating money laundering

IIB expands international cooperation: participates in BACEE’s annual conference on compliance and combating money laundering

In December 2018, representatives of International Investment Bank (IIB) took part in the 6th annual international conference on compliance and combating money laundering organized by the Banking Association of Central and Eastern Europe (BACEE). This authoritative and representative forum traditionally gathers heads of compliance divisions of leading financial institutions, representatives of the banking sector regulators and authorities, who oversee the development of compliance control…  Read more
Inaugural Board of Governors Meeting: new milestone in institution’s development

Inaugural Board of Governors Meeting: new milestone in institution’s development

On December 3-4, 2018 in accordance with the new statutory documents that entered into force in August this year first meetings of the Board of Directors and the Board of Governors of the International Investment Bank (IIB) took place in Varadero (Republic of Cuba). The scale of decisions taken significantly empowers the Bank and allows for its further intensive growth in the long-term. The Board of Governors voted for a relocation of IIB Headquarters to Budapest from Moscow. As a…  Read more
Focus on integration: IIB strengthens economic cooperation between member states

Focus on integration: IIB strengthens economic cooperation between member states

On the sidelines of the joint meeting of the Board of Governors of International Investment Bank (IIB) and of the Council of the International Bank for Economic Cooperation (IBEC) a Memorandum of understanding was concluded between IIB, IBEC and a production company Viglacera Corporation (Socialist Republic of Vietnam). Chairperson of the Management Board Nikolay Kosov signed the document on behalf of IIB, Chairman of the Board Denis Ivanov and Deputy Chairman ofthe Board Thinh Thi Hong were…  Read more
IIB expands its partnership network: the Bank has signed a Memorandum of Understanding with Central American Bank for Economic Integration (CABEI)

IIB expands its partnership network: the Bank has signed a Memorandum of Understanding with Central American Bank for Economic Integration (CABEI)

Steadily seeking to expand its partnership network, International Investment Bank (IIB) has signed a Memorandum of Understanding (MoU) with Honduras-based Central American Bank for Economic Integration (CABEI). The document is aimed at strengthening of a mutually beneficial partnership between the two international development institutions creating sound basis for joint implementation of projects to the benefit of both banks’ member states, reinforcing trade and economic ties between thei…  Read more