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Governor Le Minh Hung meets IIB Chairman

Governor Le Minh Hung meets IIB Chairman

Source: https://www.sbv.gov.vn
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
Deputy Prime Minister Vuong Dinh Hue :

Deputy Prime Minister Vuong Dinh Hue : "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)".

Source: VIETNAMPLUS.VN
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
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