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

Moving to Budapest is also supported by financial results, says Jozef Kollár, the bank's head of operations in Europe. International Investment Bank (IIB), formerly based in Moscow, relocated a major part of its operations to Budapest last year: the new location represents both an opening to European countries and markets and a major challenge for the financial institution. In addition, a few months after the move, the financial institution will have to face a major challenge. Jozef…  Read more

IIB chief economist on Brexit, the bank, the region I am confident that Brexit will be materialized,” said chief economist of the Bank (IIB). As for all the consequences for Hungary, the United Kingdom's exit will have a very limited effect, he added. “I am not afraid of worsening British-Hungarian relations. Knowing the current prime minister's sympathy for Hungary, if Boris Johnson stays in his office, I would not be surprised if one of his first trips abroad included a visit to Budapest, "…  Read more

By Levente Szilagyi in Budapest December 4, 2019 The International Investment Bank (IIB) is perfectly placed to grow further after the relocation of its HQ s to Budapest. Of the five major international development banks operating in the EU, IIB is the only one stationed in the region and it strives to keep its CEE identity by funding local companies and international businesses in the region, IIB chief economist Elliott Auckland, told BNE IntelliNews. The Central and Eastern Europe…  Read more

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