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Fitch Ratings: IIB HQ Move Highlights Shift Towards CEE Lending

Fitch Ratings: IIB HQ Move Highlights Shift Towards CEE Lending

Source: Fitch Ratings
Fitch Ratings-London/Paris-19 December 2018: International Investment Bank's (IIB, BBB+/Stable) decision to move its headquarters to Budapest from Moscow highlights its continued expansion into Central and Eastern Europe (CEE), Fitch Ratings says. The relocation could strengthen our assessment of IIB's operating environment and strategy, while a EUR200 million capital increase could support our assessment of its public mandate. IIB is a multilateral development bank (MDB) that supports SMEs,…  Read more

Moody's IIB issuer comment move to Budapest 12 December 2018

International Investment Bank (IIB) Move to Budapest from Moscow is expected to raise profile and lower funding costs, a credit positive On 10 December, International Investment Bank (IIB, A3 stable) announced that its new Board of Governors unanimously voted to relocate IIB’s headquarters to Budapest, Hungary (Baa3 stable) from Moscow, Russia (Ba1 positive). IIB is a global rather than a regional multilateral development bank, whose members include Russia, Czech Republic (A1…  Read more
Hungarian Minister of Foreign Affairs and Trade Péter Szijjártó:

Hungarian Minister of Foreign Affairs and Trade Péter Szijjártó: "The IIB headquarters relocation to Budapest serves to further reinforce Budapest’s international financial positions”

Source: Web Site of the Hungarian Government
“Hungarian-Russian relations have broken out of the recession caused by the international sanctions against Russia”, Minister of Foreign Affairs and Trade Péter Szijjártó declared on Thursday in Budapest at a press conference following the 11th session of the Hungarian-Russian Inter-Governmental Committee for Economic Cooperation. Mr. Szijjártó pointed out that the states of Western Europe are still concluding much larger deals with Russia today, but relations between Budapest and Moscow are…  Read more
Budapest Business Journal: IIB picks Hungary for European front office

Budapest Business Journal: IIB picks Hungary for European front office

Source: Budapest Business Journal
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
Ministry of Finance of Hungary has issued the press-release welcoming the forthcoming establishment of IIB European Unit in Budapest

Ministry of Finance of Hungary has issued the press-release welcoming the forthcoming establishment of IIB European Unit in Budapest

Source: Web Site of the Hungarian Government
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