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Fitch Ratings has upgraded IIB’s long-term credit rating to BBB+ with a stable outlook

Fitch Ratings has upgraded IIB’s long-term credit rating to BBB+ with a stable outlook

On November 22, 2018, the international rating agency Fitch Ratings upgraded the International Investment Bank’s long-term credit rating to BBB+ with a stable outlook. This rating upgrade is already the fourth positive rating action taken in relation to the Bank by international rating agencies this year. As the main factors that contributed to the upgrade, Fitch lists a significant improvement in the quality and geographical diversification of the Bank’s loan portfolio, a stronger internal…  Read more
IIB took part in a meeting of the Russian-Hungarian Intergovernmental Commission for Economic Cooperation

IIB took part in a meeting of the Russian-Hungarian Intergovernmental Commission for Economic Cooperation

On November 21-22 2018, a regular meeting of the Russian-Hungarian Intergovernmental Commission on Economic Cooperation (IPC) was held in Budapest (Hungary). The meeting was сo-chaired by the Minister of Health of the Russian Federation Veronika Skvortsova and the Minister of Foreign Affairs and Trade of Hungary Péter Szijjártó. International Investment Bank was represented at the meeting of the commission by Deputy Chairperson of the Board Georgy Potapov. Addressing the participants of the…  Read more
The IIB took part in the meeting of the MFI WG ESS

The IIB took part in the meeting of the MFI WG ESS

In November 2018, the representatives of leading multilateral development institutions gathered in Washington, D.C. (U.S.A.) as part of a regular meeting of the Multilateral Financial Institutions Working Group on Environmental and Social Standards (MFI WG ESS). The IIB’s delegation was led by Mr. Ivan Beňovič, Senior Expert of the Department of International Relations and Communications. The MFI WG ESS is an authoritative discussion platform established by development banks to discuss issues…  Read more
IIB has taken part in “Credit risk modelling 2018”

IIB has taken part in “Credit risk modelling 2018”

In November 2018 the delegation of the International Investment Bank (IIB) took part in the European Banking Summit titled “Credit risk modelling 2018”, organized by Infoline in Frankfurt am Main (Germany). The summit, attended by the representatives of leading European banking groups, focused on key questions of introducing IFRS 9, changes in the calculation of regulatory capital (Basel 4), and organizing the validation and stress testing processes. In particular, the forum looked into the…  Read more
Dialogue with member countries: the IIB delegation meets the Minister of Public Finance of Romania

Dialogue with member countries: the IIB delegation meets the Minister of Public Finance of Romania

During its working visit to the city of Bucharest (Romania) the delegation of the International Investment Bank (IIB) headed by Chairman of the Board Nikolay Kosov held a meeting with the Minister of Public Finance of the country Eugen Orlando Teodorovici. Nikolay Kosov presented the interim results of the Bank’s activities for the past period of 2018 and of the implementation of IIB Strategy until 2023 in general, and of Romanian country strategy in particular. It was noted with satisfaction…  Read more