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IIB develops partnerships in Mongolia: Bank representatives signed an important bilateral agreement on the sidelines of the Russian-Mongolian Business Forum

IIB develops partnerships in Mongolia: Bank representatives signed an important bilateral agreement on the sidelines of the Russian-Mongolian Business Forum

In early December 2019, within the framework of the official visit of the Prime Minister of Mongolia Mr. Ukhnaagiin Khurelsukh to Russia, under the auspices of the Chamber of Commerce and Industry of the Russian Federation a Business Forum «Russia–Mongolia. Doing Business in the EAEU single market» was held. The forum was attended by the Head of the Moscow branch of IIB Mr. Grigory Gruzinov, and Senior Advisor to the Management Board Mr. Molomjamts Demchigjav. The opening speech was…  Read more
IIB Board of Directors in Budapest summed up the results of 2019:  successful completion of relocation to Europe, record growth of loan portfolio and key performance indicators

IIB Board of Directors in Budapest summed up the results of 2019: successful completion of relocation to Europe, record growth of loan portfolio and key performance indicators

On December 6, 2019, IIB Board of Directors met in Budapest. The meeting summed up the results of the outgoing year, which became not only very successful but to a large degree marked a turning point in recent IIB history. Addressing the high-ranked representatives of IIB member states, the Chairperson of the Management Board Nikolay Kosov noted with satisfaction that the unprecedented task of the Bank’s relocation to Europe was successfully completed. Moreover, the first positive results of…  Read more
IIB increases the Hungarian trade finance portfolio

IIB increases the Hungarian trade finance portfolio

The successful completion of IIB relocation to Budapest and acquisition of the European SWIFT code (IIBMHU22) gave a strong impetus to further growth of the Hungarian trade finance portfolio and to geographic diversification of borrowers in Eastern Europe. One of the Bank’s landmark transactions within the IIB Trade Finance Support Program (TFSP) was the issuance of IIB's guarantee against the counter guarantee of one of the leading Hungarian banks in favor of a Luxembourg electricity…  Read more
IIB actively develops dialogue with member states: first meeting of the Ambassadors Club after headquarters relocation took place in the Ministry of Foreign Affairs and Trade of Hungary

IIB actively develops dialogue with member states: first meeting of the Ambassadors Club after headquarters relocation took place in the Ministry of Foreign Affairs and Trade of Hungary

On November 29, 2019, IIB held a first after its Headquarters relocation to Europe meeting of the Ambassadors Club – heads of diplomatic missions of the Bank’s shareholder states in Budapest. At the suggestion of the Hungarian side, the meeting took place at the Ministry of Foreign Affairs and Trade. Minister of Foreign Affairs and Trade of Hungary Péter Szijjártó and Minister of State for Financial Policy Affairs of Hungary Gabor Gion, who represents the country as Vice Governor in the Board…  Read more
IIB shares the results of its core activities since the relocation to Europe: by the end of 2019 loan portfolio will exceed 1 bn Euros, the Bank allocates 373 mln Euros for 19 new projects

IIB shares the results of its core activities since the relocation to Europe: by the end of 2019 loan portfolio will exceed 1 bn Euros, the Bank allocates 373 mln Euros for 19 new projects

26th November 2019, Budapest. International Investment Bank held its second meeting with leading Hungarian, CEE and International media since the relocation to Europe. The aim of the event was to share the positive results of first half year of IIB operations after the headquarters’ move to Budapest. The Bank’s relocation was successfully completed, giving a new powerful impetus to the development of IIB. The Bank reached a new peak of its loan portfolio and seriously expanded its investors’…  Read more