Yesterday, rating agency S&P Global Ratings assigned the International Investment Bank (IIB) a long-term rating of BBB, together with a short-term rating of A-2, both with stable outlook. S&P has joined the other two major rating agencies, which assessed the IIB in late 2013 and mid-2014, and the Bank has now become even better equipped to expand its capital market activities. According to S&P’s official statement, the key feature of the rating was IIB’s strong financial profile. IIB’s S&P…  Read more

Yesterday, First Deputy Prime Minister of the Russian Federation Igor Shuvalov held a meeting with the members of the Board of the International Investment Bank (IIB) at the Bank’s headquarters in Moscow. Together they discussed IIB’s prospects and results of its reform launched in 2012 as well as the implementation of the most important projects with Russian participation. The renewed IIB is reoriented towards project finance with an emphasis on supporting small and medium-sized businesses,…  Read more

The International Investment Bank (IIB) has joined the International Finance Corporation (IFC) and the Netherlands Development Finance Company (FMO), which have organised a syndicated USD 125.5 million facility for Mongolia’s XacBank, one of the leading lenders to micro and small businesses in the country. Along with other financial institutions, they will support the development of XacBank’s loan operations, including lending to SMEs. IIB’s share in the loan with a maturity of up to 3 years…  Read more