During its second press conference in 2019 held today in Budapest, International Investment Bank announced that since the relocation of its headquarters from Moscow to Budapest, it has financed 19 new projects worth €373 million and its total loan portfolio can reach €1 billion by the end of the year. This is comparable to a mid-size Hungarian bank loan book. Among others, the Chairperson of IIB Management Board, Mr Nikolay Kosov, and the Deputy Chairperson of the Management Board,…  Read more

New International Investment Bank bonds issue floats on Bucharest Stock Exchange. IIB attracted RON 500mn, through a 3-year bond issue, at an interest rate of 3.98% p.a., the lowest costs ever for IIB obtained by its largest local currency bond issuance on the European markets so far. This is the fifth consecutive year in which IIB attracts funding through the Romanian capital market; the value of the amounts attracted in the five years raises to almost RON 2.2bn (EUR 467mn) International…  Read more

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

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

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