BBJ: The Board of Governors of the IIB voted to relocate the bank from Moscow to Budapest on December 10, 2018, and it became actual with a press conference on June 25, 2019. Has the move achieved all that you wanted? AL: For our internal purposes, we use April 30, 2019 as an actual date of relocation of IIB Headquarters to Budapest. It’s the date of entry into force of the Host Country Agreement between IIB and Hungary. Hence, we have been in Hungary for exactly one-and-a-half years. As it…  Read more

Oana Osman, Editor-in-Chief (О.О.): We just commented in the news about the pressures on funding costs. Your bank is an issuer in RON and recently you’ve just issued a RON bond in a new format under MTN (Medium Term Notes) Programme and you listed the bonds in Dublin. Could you tell us how you obtained a reduction in the funding costs and why have you picked up a new format? Stefan Nanu (S.N.): It’s worth to mention that this was Bank’s 7th RON issuance, therefore, the conditions obtained…  Read more

The guest of Regiszter programme on Karc FM was Imre Laszlóczki, Deputy Chairperson of the International Investment Bank’s Management Board, in charge of strategy and policy. Anita Kovács conducted the interview. Regiszter: where the numbers and trends start to make sense. Coming up: 30 minutes of fast economic analysis at Karc FM, with Anita Kovács. Anita Kovács: About 1.5-2 years ago, when International Investment Bank, the former bank of the Council for Mutual Economic…  Read more

The arrival of the new Chairperson Mr Nikolay Kosov represented a fundamental restart for the bank. The shareholders approved the reform together with the first Strategy for 2013-2017. Until that time, the bank had operated in something akin to a dormant mode, because when the Council for Mutual Economic Assistance collapsed, it basically had no activity as there was nobody for it to finance. One of the priorities of the reform was to cleanse the bank of the 80% share of non-performing loans on…  Read more

Re-launch 2.0 It's been fifty years since the International Investment Bank (IIB) was founded. What was the purpose of its foundation in 1970? What were its functions? Exactly 50 years ago, on July 10, 1970, the founding states put their signatures on the historic Agreement on the Establishment of IIB. The agreement was registered with the UN secretariat, and thus, a new international organization appeared in the world – International Investment Bank. IIB is one of the oldest…  Read more