On March 27, 2017, the International Investment Bank (IIB) and the Eurasian Development Bank (EDB) entered into a loan agreement with LLC Nord Hydro - White Threshold(NHWT) to finance the construction of small hydropower plants, Beloporozhskaya HPPs 1 and 2, in Karelia. The loan totalling RUB 8.15 billion was provided for a period of twelve years. The total project value is RUB 11.8 billion The agreement was signed on April 3, 2017 in Moscow. The signatories were Denis Ivanov, Deputy Chairman…  Read more

New Development Bank and International Investment Bank signed today Memorandum of Understanding to develop mutually beneficial cooperation between the two institutions. The MoU was signed by Mr. Paulo Nogueira Batista Jr., NDB Vice President and Chief Risk Officer and Mr. Denis Ivanov, Deputy Chairman of the IIB Board, on the sidelines of the NDB Second Annual Meeting in New Delhi, India. The IIB was among five international development institutions, including the AIIB, EBRD, EIB and the…  Read more

Alexander Voloshin, Head of MIFC Taskforce, Miles Celic, Chief Executive of TheCityUK and Nikolay Kosov, Chairman of the IIB Board, signed a Memorandum of Understanding at the 10th Russian-British MIFC Joint Liaison Group meeting today. The signing ceremony took place at the headquarters of the IIB. The MoU stems from the successful practice of the Russian-British Joint Liaison Group, established in 2011 with support from the heads of state. In view of reforms in Russian financial markets…  Read more

The International Investment Bank (IIB) continues to develop its trade finance portfolio through active participation in transactions between the IIB’s member states and non member countries. On March 23, 2017, the Bank issued the first direct Guarantee as part of its Trade Finance Support Programme (TFSP) on behalf of the CJSC VTB Bank (Belarus) to secure payment obligations of the Atlant-M Farzeughandel JLLC, Volkswagen’s general importer in the Republic of Belarus, to Russian Volkswagen Group…  Read more