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IFRS results for 2016 confirms financial stability of IIB

IFRS results for 2016 confirms financial stability of IIB

The International Investment Bank (IIB) has published its audited IFRS results for 2016, which confirm the financial stability of the Bank’s operations and the consistent growth of its key indicators where the most notable achievements were in the following areas: Assets Paid in capital Liabilities Treasury assets Ratings Assets Assets grew by 9% to EUR 881 million, driven by an increase in corporate lending. The gross loan portfolio increased by 21% to EUR 381 million from…  Read more
IIB Chairman presents an innovative concept for financing water projects at IIF G20 conference

IIB Chairman presents an innovative concept for financing water projects at IIF G20 conference

The delegation of the International Investment Bank (IIB), led by the Chairman of the Board, Nikolay Kosov, participated in the events of the Institute of International Finance’s (IIF) G20 conference “The G20 Agenda Under the German Presidency” in Frankfurt-am-Main, Germany. Representatives of G20 governments, presidents and CEOs of leading world banks, state treasuries and other financial organizations participated in the annual forum, which focused on the issues of sustainable development and…  Read more
IIB joins IFC to finance Vietnamese SMEs for USD 10 million

IIB joins IFC to finance Vietnamese SMEs for USD 10 million

The International Investment Bank (IIB) signed an agreement with the International Finance Corporation (IFC) to participate in a syndicated loan in favour of Vietnam Prosperity Joint Stock Commercial Bank (VPBank, Vietnam). The loan is designed to finance support for small and medium sized enterprises (SME) in Vietnam. The IIB’s share in the loan is equal to USD 10 million for a term of up to 5 years and is being provided to VPBank which is among the Top-10 Vietnamese banks. The syndicated…  Read more
IIB and Slovakia continue to discuss opportunities to expand cooperation

IIB and Slovakia continue to discuss opportunities to expand cooperation

On March 13, 2017, the top officials of the International Investment Bank (IIB), led by the Chairman of the Board Nikolay Kosov, held working consultations with the official representatives of the Slovak Republic on a wide range of issues regarding further expansion of the IIB’s operations in the country. Slovakia was represented by the Head of the SR delegation in the IIB Council, the State Secretary of the Ministry of Finance of the SR, Mrs. Dana Meager, the State Secretary of the Ministry…  Read more
Belarus was granted observer status of IIB

Belarus was granted observer status of IIB

The Republic of Belarus became the first sovereign state to be granted Observer status of the International Investment Bank (IIB). This decision was made following the results of an absentee vote by the Bank’s Council. The formalities were completed in accordance with the Regulation on the Special Status of Participation in the Activities of the International Investment Bank. An official request was received from the Republic of Belarus last December. “I sincerely welcome the accession of…  Read more