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IIB named “Best bank for sustainable development in CEE”

IIB named “Best bank for sustainable development in CEE”

International media holding Global Banking and Finance Review (GBFR) has published a list of 2019 GBFR Award winners. International Investment Bank awarded "Best Bank for Sustainable Development Central and Eastern Europe". Sustainable Development Goals (SDGs) are a list of strategic targets identified by the United Nations, which an international community strives to achieve until 2030. The United Nations identifies 17 goals aimed at sound stewardship of natural resources, expansion of…  Read more
A press conference held in Budapest announced the launch of a transnational environmental project “CLEAN WATER. HAPPY TISZA” supported by IIB

A press conference held in Budapest announced the launch of a transnational environmental project “CLEAN WATER. HAPPY TISZA” supported by IIB

On January 22, 2020, in Budapest (Hungary) during a press conference the start of a trans-border environmental project “Clean Water. Happy Tisza” was announced. This large-scale environmental program is implemented by the non-profit organization “Plastic Cup” and is aimed at combating plastic waste pollution in the basin of the second largest water artery of Hungary - the Tisza River. Earlier, in September 2019, International Investment Bank announced its decision to provide a grant fo…  Read more
Hungary increases its share in the paid-in capital of the Bank

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

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

IIB provided post-financing under letter of credit

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

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

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