IIB is actively increasing its trade finance portfolio and expanding the number of counterparties in Europe

March 17, 2016

In the first quarter of 2016, the International Investment Bank (IIB) continued building up its trade finance (TF) portfolio, while expanding the number of its partner banks. Thus, the IIB has covered the risk of several Belarussian banks for Commerzbank AG (Germany) and Sberbank CZ a.s. (Czech Republic) by issuing its irrevocable reimbursements undertakings. The aim of these transactions was to support imports of goods and equipment from the Czech Republic. As a multilateral development… Read more

IIB continues its resurgence – audited results for 2015 published

March 16, 2016

The International Investment Bank (IIB) has published its IFRS results for 2015 confirming both the financial and geographical growth in what was a very significant and successful year for the Bank. Thus, this renewed multilateral development institution has continued its dynamic development, more than doubling its assets and signing new investments of almost EUR 500 million in the three years since the beginning of its reform in late 2012. The IIB was extremely active in Europe throughout… Read more

After an additional contribution by Hungary, share of EU member states in IIB’s capital approaches 50%

March 10, 2016

Hungary has made an additional EUR 10 million payment to the paid-in capital of the International Investment Bank (IIB), having fulfilled all the obligations regarding its contribution as the Bank’s new member country according to the resolution of the 102nd IIB Council Meeting (November 2014, Bulgaria). As a result, Hungary increased its share to EUR 40 million (12.78%), surpassing the Czech Republic and becoming IIB’s third largest shareholder after the Russian Federation (47.92%) and the… Read more

IIB Chairman participates in the visit of Slovak delegation to Iran

March 9, 2016

Chairman of the IIB Board, Nikolay Kosov, was part of a delegation of the Slovak Republic, which included 20 representatives of the country’s business and financial sectors, on an official visit to the Islamic Republic of Iran on March 7-8, 2016. Invitation of the IIB Chairman to participate in the visit reflects the mutual interest of both Slovakia – one of IIB’s most active shareholders, and the IIB to support the foreign expansion of its member states’ companies and to promote international… Read more

IFI bond programme registered in Russia for the first time: RUB 100bn of IIB’s bonds

March 4, 2016

For the first time, a multi-billion programme of exchange-traded bonds has been registered in the Russian Federation by an international financial institution (IFI) – the International Investment Bank (IIB). According to yesterday’s official statement by the Moscow Exchange, the IIB bond programme series 001P of up to RUB 100 billion or the equivalent in another currency was assigned the identification number 4-00003-L-001P-02E as of March 2, 2016. The maximum maturity period of IIB’s bonds… Read more

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