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

Hungary-based development bank International Investment Bank (IIB) successfully closed a tap to the outstanding April 2021 CZK Floaters bond worth CZK750mn (€29mn), in line with the Bank’s strategic goal of supporting the local capital markets development, according to IIB press release published on April 16. IIB managed to double the original size of bond issue to CZK1.5bn (€58.45mn) due to high demand from local investors. The tap deal was executed at a discount margin of 3M Pribor + 35 bps,…  Read more

On March 12, 2019, in Hanoi, on the occasion of the working visit to Vietnam of a high-ranking’ delegation of the International Investment Bank (IIB), Governor Le Minh Hung of the State Bank of Vietnam (SBV) had a meeting with Mr. Nikolay Kosov, Chairman of the IIB’s Board of Directors. At the meeting, Mr. Nikolay Kosov shared that the activities of the IIB over the past time had many positive and strategic changes. The IIB had successfully implemented the development strategy for the period…  Read more

Hanoi (VNA) – The Government of Vietnam pledges to hold responsibility and continue to be an active member for reform and sustainable development of the International Investment Bank (IIB), said Deputy Prime Minister Vuong Dinh Hue. During a reception in Hanoi on March 12 for Chairman of the IIB’s Board of Directors Nikolay Kosov, Hue said that the Vietnamese government lauds the IIB’s success in restructuring and reforming its operation model, as well as increasing its capital and…  Read more

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