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IIB’s first Chinese trade finance deal with Raiffeisen Bank International

IIB’s first Chinese trade finance deal with Raiffeisen Bank International

The International Investment Bank continues to expand its trade finance operations with already the ninth deal since the beginning of 2015 and the first one with Raiffeisen Bank International AG (Austria), this time having supported import of Chinese goods to the Russian Federation. The Bank issued an irrevocable reimbursement undertaking by the order of Asian-Pacific Bank in favour of Raiffeisen Bank International. It is IIB’s first deal…  Read more
H.E. Vasile Soare receives acknowledgement from the Chairman of the IIB

H.E. Vasile Soare receives acknowledgement from the Chairman of the IIB

Nikolay Kosov, Chairman of the Board of the International Investment Bank, has awarded His Excellency Vasile Soare, the Ambassador Extraordinary and Plenipotentiary of Romania to the Russian Federation, with an «Acknowledgement for providing significant support to the International Investment Bank and for advancing Romania’s membership in the IIB». Under Mr. Soare’s watch, Romania has transformed from one of the few countries…  Read more
IIB expands its investments in Romania, having signed a loan agreement with Romcab for EUR 15 million

IIB expands its investments in Romania, having signed a loan agreement with Romcab for EUR 15 million

The International Investment Bank today signed an agreement regarding a 3-year EUR 15 million credit line to Romcab S.A. — a Romanian manufacturer of cables, electric conductors, power cords and electric wiring. The document was signed by Deputy Chairman of the Board of the IIB, Vladimir Liventsev, and by Romcab’s CEO, Zoltan Prosszer. The credit facility will be used to finance the main activities of the company,…  Read more
IIB extends a loan to the Development Bank of Mongolia

IIB extends a loan to the Development Bank of Mongolia

On September 14, 2015, the International Investment Bank has signed a loan agreement with the Development Bank of Mongolia in the amount of EUR 20 million for seven years. The loan facility will be used to support the SME sector, in particular to contribute to the implementation of socially significant projects in Mongolia. This is the seventh loan in the IIB’s current portfolio, which brings the total amount…  Read more
Russian private pension funds can invest in IIB’s securities

Russian private pension funds can invest in IIB’s securities

On August 28, the Central Bank of Russia (CBR) published on its official website amendments to the Regulation No. 451-P, which allow Russian private pension funds to invest pension savings in securities of international financial institutions with a credit rating no lower than three grades below that of the Russian Federation from at least one of the following rating agencies — Fitch, Moody’s and Standard &…  Read more