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Interim results for 2016 confirm IIB’s financial stability and give impulse to complete the year with steady growth

Interim results for 2016 confirm IIB’s financial stability and give impulse to complete the year with steady growth

Interim results of the main divisions of the International Investment Bank (IIB) for the first eight months of 2016 confirm the Bank's financial stability and give positive impulse for completing the year with steady growth. This was the main conclusion of the extended meeting of the IIB Board, held on September 15, 2016 at the Bank’s headquarters. The special feature of the event was that participation was not restricted to Board members, directors of departments and representatives of the IIB…  Read more
IIB signs cooperation agreement with CAF – Development Bank of Latin America

IIB signs cooperation agreement with CAF – Development Bank of Latin America

The International Investment Bank (IIB) and CAF – Development Bank of Latin America signed today a Memorandum of Understanding to explore joint work opportunities in areas related to development financing, financial management, and corporate governance. The agreement was signed in Washington by IIB Chairman Nikolay Kosov and CAF Executive President Enrique García within the framework of the XX Annual CAF Conference. The purpose of the agreement is to establish a cooperation scheme fo…  Read more
IFIs as anti-crisis factor – Chairman of IIB Board addressed XX Annual CAF Conference

IFIs as anti-crisis factor – Chairman of IIB Board addressed XX Annual CAF Conference

In the current circumstances, international financial institutions (IFIs) play an increasingly important role in overcoming the consequences of the global economic crisis. This was the message of the Chairman of the Board of the International Investment Bank (IIB), Nikolay Kosov, while speaking at the panel titled “Global Governance & the Reform of the International Financial Architecture”. The discussion took place on September 8, 2016 in Washington D.C. during the events of the XX Annual…  Read more
IIB backs Bulgarian energy sector

IIB backs Bulgarian energy sector

The International Investment Bank (IIB) took part in a bond placement of the Bulgarian Energy Holding (BEH), Bulgaria’s state-owned company pooling the country's public energy assets. The total amount of the placement was EUR 550 million. Raised funds will be used by BEH to restructure its balance sheet and to improve its long-term financial sustainability. Earlier this year, the IIB participated in a bridge loan for one of the holding’s subsidiaries with EUR 50 million. The Bank continued its…  Read more
Substantial growth in all areas – IIB published its IFRS financial statements for the first six months of 2016

Substantial growth in all areas – IIB published its IFRS financial statements for the first six months of 2016

The International Investment Bank (IIB) today published its financial results in accordance with the International Financial Reporting Standards (IFRS) for the first six months of 2016. The numbers reflect extensive growth of the Bank’s activities and successful expansion of its operations in all areas. In the first half of 2016, IIB’s Assets increased by 14% from EUR 809m to EUR 922m, also driven by growth in the Net Loan Portfolio, which expanded by 36% from EUR 306m to EUR 416m. At the same…  Read more