The newly appointed Deputy Chairperson of IIB Management Board Imre Laszlóczki reflects on the Bank's strategic development in his first interview to Portfolio.hu

October 11, 2019 Source: Portfolio.hu

International Investment Bank will invest in car industry, agriculture, and tourism in Hungary. IIB has moved to Budapest, and has a new incumbent Hungarian Deputy Chairperson of the Management Board. We asked Imre Laszlóczki about business, as well as diplomacy. International Investment Bank (IIB) appointed a new Hungarian Deputy Chairperson of the Management Board in September. Those with little familiarity concerning the operation of the investment bank, owned by several countries, may find… Read more

Clean Water, Happy Tisza

September 30, 2019 Source: National Geographic

Participants of the Tisza PET Cup have eliminated nearly 70 tons of pollutants in the river in 7 years. However, in order not to contaminate the restored areas with more flood or plastic, the Tisza countries need to cooperate. The first tasks include accurate mapping of the waste situation along the river and shaping the views of river communities. This is a unique opportunity for the Nature Film.hu Association's environmental initiative, the Tisza PET Cup. Three of the organizers of… Read more

IIB starts its work in Budapest

July 17, 2019 Source: https://nepszava.hu/

A bank with a Russian background starts its work in Budapest. IIB which moved its headquarters to Budapest held its first Board meeting At the meeting, Nikolay Kosov, the president of the bank, congratulated the top managers of the institution for their full activity at the new European address, says a statement published on the financial institution's website. According to the prospect, Kosov was pleased because, despite the move, the bank did not slow down for one minute with its day-to-day… Read more

Fitch Ratings upgrades IIB short-term rating

June 7, 2019 Source: Fitch Ratings

Fitch has upgraded IIB's ST rating as a result of the application of its updated ST Rating Criteria. Under the revised criteria IIB's 'BBB+' Long-Term (LT) IDR is on a new cusp point. Fitch has applied the higher of the two options mapping to the 'BBB+' LT IDR, as IIB's liquidity assessment of 'aa-' is higher than 'a', the minimum liquidity assessment at which the higher option would apply at the 'BBB+' cusp point. Fitch Ratings press release can be found here… Read more

Moody’s IIB Credit analysis 2019

May 31, 2019

The International Investment Bank (IIB, A3 stable) is a multilateral development bank that has a footprint in its nine shareholder countries: Bulgaria (Baa2 stable), Cuba (Caa2 stable), Czech Republic (A1 positive), Hungary (Baa3 stable), Mongolia (B3 stable), Russia (Baa3 stable), Romania (Baa3 stable), Slovakia (A2 positive) and Vietnam (Ba3 positive). Most of these members are registering relatively strong and healthy growth. Originally focused on Comecon countries, IIB was relaunched in… Read more

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