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Chairman of the IIB Board gave a speech at TATRA SUMMIT Investment Forum 2015

Chairman of the IIB Board gave a speech at TATRA SUMMIT Investment Forum 2015

On November 4-6 in Bratislava, Slovakia, the International Investment Bank actively participated in yet another TATRA SUMMIT – one of the most important events of its kind in Central and Eastern Europe. Participants, including representatives of governments, businesses and other IFIs, discussed issues concerning investment climate in the EU. This time, Nikolay Kosov, Chairman of the IIB Board, took part as a speaker during the main programme of the investment forum. The event, supported by…  Read more
IIB’s Club of Ambassadors praises the Bank’s interim results

IIB’s Club of Ambassadors praises the Bank’s interim results

On November 3, this year’s second meeting of the Club of Ambassadors of the IIB member states – an actively developing platform for dialogue – took place. This time the guests were hosted by Peter Priputen, the Ambassador Extraordinary and Plenipotentiary of the Slovak Republic to the Russian Federation. Along with IIB’s management and the heads of diplomatic missions of IIB’s member states, the meeting was attended by Sergey Storchak, head of the Russian delegation in the Bank’s Council and…  Read more
IIB’s loan helps create 180 jobs in a new manufacturing plant in Bulgaria

IIB’s loan helps create 180 jobs in a new manufacturing plant in Bulgaria

Bulgarian company Sparky Eltos will use the funding received under the syndicated loan from the International Investment Bank and the Bulgarian Development Bank for production of a new range of wireless electric tools with Li-ion batteries. Utilising the EUR 10 million loan facility, EUR 7 million of which was provided by the IIB, the company built a plant in the city of Lovech with 180 new jobs. The ceremonial opening of the plant was held on November 2, 2015. IIB’s participation in the…  Read more
IIB becomes the first international financial institution rated by the Chinese agency Dagong

IIB becomes the first international financial institution rated by the Chinese agency Dagong

The leading international rating agency of China Dagong Global Credit Rating has assigned to the International Investment Bank a long-term credit rating of ‘A’ with outlook ‘stable’. The IIB has become the first IFI with a rating from the Chinese agency. This is already the Bank’s third international credit rating after it obtained ratings from Fitch and Moody’s in 2013 and 2014 respectively. In its official press release, among key factors of the Bank’s high assessment Dagong notes…  Read more
​IIB’s first Turkish trade finance deal with Aktif Investment Bank A.S.

​IIB’s first Turkish trade finance deal with Aktif Investment Bank A.S.

Today, for the first time, the International Investment Bank contributed to trade between its member states and Turkey, having issued its first deal with Aktif Investment Bank A.S. (Turkey) in favour of Turkish company BETONSTAR MAKİNE SAN.VE TİC.A.S. The Bank thus supported delivery of truck mounted concrete pumps to the Russian Federation from the Republic of Turkey. The Bank issued an irrevocable reimbursement undertaking by the order of PJSC NBD Bank for its client to Aktif Investment…  Read more