A memorandum of understanding on the establishment of a European front office in Hungary for the International Investment Bank (IIB) was signed in Budapest on Monday by Hungarian Minister of Finance Mihály Varga and IIB Chairman Nikolay Kosov. Through the local office, IIB can play a significant role in investments and corporate lending in Central and Eastern Europe, Varga was cited as saying by state news wire MTI after the signing. Corporate lending needs to expand further if Hungaryʼs…  Read more

International Investment Bank to Open an Office in Budapest 18.06.2018 “The International Investment Bank (IIB) is opening a regional office in Budapest”, announced Deputy Prime Minister, Minister of Finance Mihály Varga on Monday, after signing a Memorandum of Understanding with Nikolay Kosov, Chairman of the Board of the International Investment Bank, The Minister stressed that Budapest is a dynamically developing international economic and financial centre, which has been proved by the fact…  Read more

The International Investment Bank and the International Bank for Economic Cooperation have agreed on closer cooperation. YAROSLAVL, BRATISLAVA. The International Investment Bank (IIB) and the International Bank for Economic Cooperation (IBEC) have agreed on closer cooperation with the aim to establish a joint banking group. At the regular meeting of the supreme decision-making body of the bank – the IIB Council - held in Yaroslavl, Russia, on 5 June, the Chairmen of the two banks Nikolay Kosov…  Read more

6 June. FINMARKET.RU – The International Investment Bank (IIB) and the International Bank for Economic Cooperation (IBEC) could be integrated into a single banking group, while both development institutions would remain standalone legal entities. As noted in the IIB’s statement, this initiative was referred to in the speeches of the Chairmen of IIB and IBEC boards at the IIB’s Council meeting – the latter’s highest management body, which includes high-ranking representatives of the nine…  Read more

DEMCHIGJAV MOLOMJAMTS Senior Advisor to the Board of the International Investment Bank, Doctor of Economic Sciences, Honored Economist of Mongolia Date and place of birth: September 17, 1951, Zavkhan Aimag, Mongolia. In 1975 he graduated from the Irkutsk Institute of National Economy with a specialization in «Finance and credit». From 1975 to 1982 he held a position of economist and then became the senior economist and a Head of the Foreign Exchange Policy Department in the Ministry of…  Read more