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International Investment Bank upgraded to A- by Fitch Ratings Agency

International Investment Bank upgraded to A- by Fitch Ratings Agency

On September 8, 2020, Fitch Ratings upgraded IIB’s rating to A- from BBB+ “reflecting the ongoing diversification of the bank’s operations across the EU following the relocation of its’ headquarters to Budapest”. Fitch positively assesses IIB’ s overall Europeanisation strategy expressed in particular in a shift in the bank’s lending operations and shareholder structure, focusing on a larger share of lending in the region and an increased share of EU shareholders in the Bank. As the…  Read more
IIB closes the book with a record oversubscription for a new RUB issuance

IIB closes the book with a record oversubscription for a new RUB issuance

On September 3, 2020 IIB held a successful book building for a new RUB issuance on the Moscow Stock Exchange under its registered bond program. The joint lead managers of the new 2,5-year bond are BC Region, Credit Bank of Moscow, VTB Capital and Russian Agricultural Bank. The Bank had taken advantage of the market window that opened following the summer holidays and a strong investor demand on the shorter maturities. The newly closed deal was three times oversubscribed. The Bank received orders…  Read more
IIB will support the modernization of the water supply system of the Russian Federation: the Bank became a member of a syndicate providing a loan to the leading national operator of housing and utility services - Rosvodokanal Group

IIB will support the modernization of the water supply system of the Russian Federation: the Bank became a member of a syndicate providing a loan to the leading national operator of housing and utility services - Rosvodokanal Group

International Investment Bank has joined a group of lenders, which will provide long term financial support for Rosvodokanal Group, the Russian largest private operator of water supply and drainage, one of the national leaders in the housing and utility services sector. The deal was arranged by Raiffeisenbank. Along with IIB, Alfa-Bank, Rosbank and OTP Bank were also among its participants. Currently, the Group's subsidiaries provide access to clean water for 5.5 million individuals and…  Read more
IIB continues a series of publications by Sergey Storchak on the global financial crisis

IIB continues a series of publications by Sergey Storchak on the global financial crisis

International Investment Bank as part of its 50th jubilee campaign continues a series of exclusive publications of former Governor from the Russian Federation to the IIB Board of Governors, ex-Deputy Finance Minister of the Russian Federation Sergey Storchak “Global debt: will the fourth wave turn into a tsunami?” We hereby present the second part of the article. The material is an expert opinion on the current situation in the global financial markets and its further development…  Read more