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IIB gives views on the role of development banks in Central and Eastern Europe at the 32nd BACEE conference

IIB gives views on the role of development banks in Central and Eastern Europe at the 32nd BACEE conference

Risks and prospects for the banking sector in Central and Eastern Europe (CEE), including cooperation with multilateral development banks, were the main topic at the 32nd Regional Banking Conference of the Banking Association for Central and Eastern Europe (BACEE). The event took place on April 11-12, 2016 in Budapest, Hungary, with the support of the International Investment Bank (IIB) as its diamond sponsor. The conference brought together more than 100 financial executives and experts…  Read more
IIB is financing the international expansion of a Bulgarian pharmaceutical company

IIB is financing the international expansion of a Bulgarian pharmaceutical company

Huvepharma, a privately owned global pharmaceutical company headquartered in Bulgaria and specialising in veterinary products, has acquired a portfolio of assets from Zoetis, a major international producer of drugs, diagnostic kits and equipment for use in the veterinary field. The transaction was financed through an upsize of Huvepharma’s existing EUR 275 million facility, which was put in place in 2014. The financing was coordinated by Citi, and syndicated to a group of leading financial…  Read more
Moody’s updates credit opinion on IIB

Moody’s updates credit opinion on IIB

On March 24, 2016, the international rating agency Moody’s Investors Service updated its credit opinion on the International Investment Bank (IIB), thus confirming its stable financial position at the time of deteriorating external operating circumstances. On March 19, 2015, the Bank was assigned the rating of «Baa1» with a stable outlook. IIB’s investment rating and its stable outlook amid the ongoing degradation of the operating environment shows the reliability and the foothold of the…  Read more
IIB’s delegation participated in a meeting of the Czech-Russian Intergovernmental Commission in Prague

IIB’s delegation participated in a meeting of the Czech-Russian Intergovernmental Commission in Prague

The delegation of the International Investment Bank (IIB) took part in the 9th session of the Intergovernmental Commission on Economic, Industrial and Scientific-Technical Cooperation between the Czech Republic and Russia – the member states of the Bank – held on March 22-23, 2016 in Prague. The first in the past four years, the Commission's meeting was chaired by Ministers of Industry and Trade of the Czech Republic and the Russian Federation, Jan Mládek and Denis Manturov. Dozens of high-level…  Read more
Ambassadors of IIB’s member states discussed the Bank’s development strategy

Ambassadors of IIB’s member states discussed the Bank’s development strategy

A meeting of the Club of Ambassadors of the IIB member states took place yesterday with the participation of IIB’s management and the heads of diplomatic missions of the Bank’s members. On the host country’s side, attendees included Vasily Nebenzya, Deputy Minister of Foreign Affairs of the Russian Federation, Andrey Bokarev, Head of the Department of International Financial Relations at the Russian Ministry of Finance, and Evgeny Stanislavov, Deputy Head of the Russian Delegation in the Bank’s…  Read more