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IIB supports the expansion of Romania’s leading poultry producer

IIB supports the expansion of Romania’s leading poultry producer

The International Investment Bank (IIB) will provide a loan to Aaylex group– the largest producer and exporter of poultry in Romania. The parties signed the corresponding agreement in the amount of about EUR 4.29 million for a period of 5 years. Aaylex distributes its products under the CocoRico brand. IIB’s financing will be used for acquiring equipment and property assets from Romanian poultry farms Avicola Calarasi in order to increase its own production. Thus, the Bank will support…  Read more
IIB as observer at the 1st Annual Meeting of Asian Infrastructure Investment Bank

IIB as observer at the 1st Annual Meeting of Asian Infrastructure Investment Bank

The delegation of the International Investment Bank (IIB), headed by the Deputy Chairman of the IIB Board, Denis Ivanov, participated as an observer in the events of the 1st Annual Meeting of the Board of Governors of the Asian Infrastructure Investment Bank (AIIB) on June 25-26, 2016 in Beijing, China. This historical meeting was attended by the representatives of member states and executive bodies of the AIIB, partner organisations and potential members, and was devoted to the progress and the…  Read more
105th Meeting of IIB Council concluded – first IIB summit in Hungary after its return as a shareholder

105th Meeting of IIB Council concluded – first IIB summit in Hungary after its return as a shareholder

The Business Forum “Supporting Economic Growth in Hungary and the CEE Region” on June 24, 2016 brought to a conclusion the events of the 105th Meeting of the Council of the International Investment Bank (IIB) in Budapest. As the first meeting of the Bank’s highest governing body in Budapest in 16 years after Hungary’s exit from the Bank and its return to the IIB as a full-fledged member in 2015, it was a historical one. Currently, Hungary is the third largest shareholder of the IIB. The…  Read more
IIB provides a grant for mapping water resource risks in Hungary as part of WWF’s global initiative

IIB provides a grant for mapping water resource risks in Hungary as part of WWF’s global initiative

Continuing its practice of supporting environmental initiatives in its member states as a “green” development institution, the International Investment Bank (IIB) has decided to provide a EUR 30 000 grant to WWF Hungary for assessing and mapping water resource risks. During a ceremony as part of the Business Forum “Supporting Economic Growth in Hungary and the CEE Region”, IIB’s Chairman of the Board, Nikolay Kosov, presented the corresponding cheque to Katalin Sipos, Country Manager of WWF…  Read more
IIB finds a strategic partner in Hungary, signs cooperation agreement with OTP Bank

IIB finds a strategic partner in Hungary, signs cooperation agreement with OTP Bank

Today, during the Business Forum “Supporting Economic Growth in Hungary and the CEE Region”, organised as part of the events of the 105th Council Meeting of the International Investment Bank (IIB), the IIB and OTP Bank signed the Strategic Cooperation Agreement. This is the first such document signed by the IIB with a Hungarian entity, and this renewed multilateral lender has gained a strategic partner in the country. Hungary returned to the IIB as a shareholder and member state last yea…  Read more