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IIB Board of Governors summarizes results of the Bank’s activities in 2020 and sets a vector for further development

IIB Board of Governors summarizes results of the Bank’s activities in 2020 and sets a vector for further development

A third meeting of the Board of Governors of International Investment Bank took place on December 11, 2020. Taking into account current situation with the COVID-19 pandemic, the event occurred in an online format. The meeting was chaired by the Deputy Finance Minister of the Russian Federation Timur Maksimov, who was appointed as a Governor from Russia back in May. Addressing the high-level representatives of shareholder states Chairperson of the IIB Management Board Nikolay Kosov noted…  Read more

"International Investment Bank seamlessly integrated into European environment" - IIB Chairperson Nikolay Kosov shared the highlights of the Bank's operations in 2020 with the Hungarian news agency MTI

The current year, which is a jubilee year for International Investment Bank, brought a lot of challenges and surprises for international financial system. Despite that, IIB celebrated its 50th birthday by continuing its operations in an efficient manner implementing provisions of its current strategy, reaching targets set out by shareholders, while fulfilling its mission and mandate. In turbulent market conditions, we put best efforts to turn existing challenges into additional development…  Read more
Laetitia Arrenault appointed as Director of IIB Compliance Department

Laetitia Arrenault appointed as Director of IIB Compliance Department

International Investment Bank announces the appointment of Ms. Laetitia Arrenault as the Director of Compliance Department. Ms. Arrenault has a long-term experience in international public and private finance, including previous employment with another multilateral development institution - the African Development Bank. At IIB Ms. Arrenault will be responsible for the development of the compliance system, control and mitigation of compliance risks, fraud and misconduct prevention,…  Read more
ACRA affirms IIB long-term credit rating at the highest level

ACRA affirms IIB long-term credit rating at the highest level

On October 28, 2020 Russian national credit rating agency ACRA affirmed long-term credit rating of International Investment Bank at “A” on an international and at “AAA” on a local scale. Among key factors contributing to the decision ACRA point out a high level of management, effectiveness of the strategy, transparency of the Bank’s operations, as well as its strong capital position, asset management levels, risk management system, liquidity and funding strategy. Continuous shareholde…  Read more
IIB will provide EUR 100 mln credit facility to MVM Group for the development of the Hungarian energy infrastructure - the largest loan disbursement in the Bank’s recent history

IIB will provide EUR 100 mln credit facility to MVM Group for the development of the Hungarian energy infrastructure - the largest loan disbursement in the Bank’s recent history

International Investment Bank has signed the largest credit facility agreement in its recent history with the leading Hungarian state-owned energy holding, MVM Magyar Villamos Művek Zrt. (MVM Group). According to the terms of the deal, IIB will provide a loan of EUR 100 mln in HUF equivalent with a tenor of 15 years. The funds are aimed to support the large-scale modernization and further development of the Hungarian national natural gas energy infrastructure. MVM’s natural gas distribution…  Read more