The Chairman of the Board of the International Investment Bank (IIB), Nikolay Kosov, headed the IIB delegation to Hungary to take part in the 35th BACEE (The Banking Association for Central and Eastern Europe) conference on October 16-17, 2017 and to held separate meetings the heads of the Hungarian Ministry for National Economy. N. Kosov also gave interviews to leading Hungarian media. The 35th BACEE conference focused on the analysis of risks and the evaluation of prospects that the…  Read more

The International Investment Bank (IIB) delegation, headed by the Deputy Chairman of the IIB Board, Mr. Jozef Kollár, took part in the Annual Meetings of the International Monetary Fund and the World Bank Group (IMF/WBG) and the Institute of International Finance (IIF) annual membership meeting during October 11-15, 2017, in Washington, DC. The IMF/WBG and IIF meetings discussed the support for sustainable development for and the role of the international financial institutions (IFIs) in this…  Read more

The first ever business intelligence (BI) project of the International Investment Bank (IIB) aimed at financial reporting automation is one of the main topics featured in the October issue of Banking Review. The IIB completed the project jointly with a Russian software developer Diasoft. The key acquirers were the credit and investment, and the compliance and finance departments of the Bank, with the IT Department acting as the project coordinator. The IIB financial reporting is automated…  Read more

Implementing the Green Office concept Following the UN’s Global Compact Environmental Principles, and in an effort to implement the Green Office concept, the IIB approximately one tonne of obsolete office equipment to a licensed recycling company in October. The recycling of office equipment is mandatory since it contains a number of substances that are harmful to the environment, including heavy metals. Some of these materials, mainly plastic, glass and metals, will be sent fo…  Read more

The new issue of the International Investment Bank (IIB) bonds, denominated in euros and in lei, has been admitted to circulation on the Bucharest Stock Exchange. IIB became the first issuer to place, in fact, quasi-eurobonds using the infrastructure of the Romanian market. On September 28th, 2017, the symbolic opening ceremony of the trading session for IIB’s securities was held at the stock exchange with the participation of Deputy Chairmen of the IIB Board, Mr. Jozef Kollár, State…  Read more