IIB ends 2016 by making one more step towards its institutional renewal

December 30, 2016

On December 28, 2016, the President of the Russian Federation, Vladimir Putin, signed the Federal Law № 482-FL "On the Ratification of the Protocol Amending the Agreement Establishing the International Investment Bank and Its Charter". Thus, the country of the Bank’s seat brought it one step closer towards a new stage of institutional development. Apart from Russia, IIB’s new statutory documents have already been ratified by Hungary, Vietnam and Romania. New versions of the Agreement… Read more

IIB provides its first short-term trade related loan

December 29, 2016

Under its Trade Finance Support Programme (TFSP), in December 2016 the International Investment Bank (IIB) concluded its first framework agreement with Russian CB LOCKO-Bank on provision of trade related loans to finance foreign trade operations, and carried out its first transaction in favour of the borrower in the amount of USD 1 million. The funds will be used to finance supplies of products from Vietnam to the Russian Federation. The transaction with CB LOCKO-Bank expands the geography of… Read more

IIB expands its compliance tools with World Check database, risk management solution by Thomson Reuters

December 21, 2016

The International Investment Bank (IIB) has completed the implementation of the full version of the World Check database, a risk management solution from Thomson Reuters, the world's leading provider of analytical information for business and banking professionals. The World Check solution enables the Bank to automatically check potential and existing counterparties, beneficiaries and associated persons, revealing relevant compliance risks for further evaluation. World Check provides access… Read more

IIB expands strategic cooperation with leading financial groups of its member states – agreement with BT Capital Partners

December 21, 2016

The International Investment Bank (IIB) and Romania’s BT Capital Partners S.A. signed a Strategic Cooperation Agreement focused on expanding their partnership and continuing mutually beneficial cooperation on capital markets. The document was signed by Denis Ivanov, Deputy Chairman of the IIB Board, and Paul Prodan, Chairman of the Board of the consulting and brokerage company, which is part of the leading Romanian financial group Banca Transilvania. With assistance from BT Capital Partners,… Read more

Member countries approve main directions of IIB’s medium-term development at the 106th Council Meeting

December 12, 2016

On December 7-9, 2016, headquarters of the International Investment Bank (IIB) hosted the events of the 106th Meeting of the IIB Council – the Bank’s highest governing body. The session’s agenda focused on issues of the Bank’s further strategic development and its transition towards a new governance structure. A number of other operational matters were also discussed. In his opening remarks, the Chairman of the IIB Board, Nikolay Kosov, noted: “The Bank has achieved financial stability,… Read more

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