International Investment Bank

10/03/2023

IIB pays back its RUB issue.
On March 10, 2023 International Investment Bank redeemed its one of the largest in volume RUB denominated bond issue in the amount of 7 bn rubles. Since 2014, IIB has been an active issuer on the Russian debt market, with listing on Moscow Stock Exchange and the redeemed issue was already the ninth in a raw.
IIB issues enjoy the highest AAA (Ru) level of ACRA rating agency on domestic scale.
IIB constantly adheres to the policy of strict and timely fulfilment of all its current obligations to investors.

On March 10, 2023 International Investment Bank redeemed its one of the largest in volume RUB denominated bond issue in the amount of 7 bn rubles. Since 2014, IIB has been an active issuer on the Russian debt market, with listing on Moscow Stock Exchange and the redeemed issue was already the ninth....

09/01/2023

IIB is hiring!
Our dynamic team is looking for a colleague to fill in the position of Deputy Director of Legal Department in our Headquarters in Budapest.
To apply please follow the link:

International Investment Bank

19/12/2022

Wishing our partners, clients, friends and their loved ones a wonderful holiday season. May 2023 bring peace, harmony and success to you all

07/11/2022

International Investment Bank pays back its largest RON issue to Romanian investors.
On November 1, 2022 IIB redeemed RON 500 mln bonds with the coupon of 3,98 % p.a. for investors. This debt instrument was the largest in volume ever in RON denomination, in raw the fifth issued in 2019 in domestic format under the Romanian law, approved by local Supervision, and listed on the Bucharest Stock Exchange.
Apart from above five bond issues, IIB placed five more series in RON denomination under its MTN Programme, showing high recognition of the Bank among Romanian institutional investors such as pension funds, insurance companies. In current challenging global economic environment, the Bank is doing the utmost to continue carrying out its mission as a multilateral development institution and duly fulfills all its obligations to investors.
“Since the Bank’s relocation to Europe, Romania became one of the largest beneficiaries among IIB member states in asset allocation. Amidst the unprecedented global economic and market conditions our institution is further managing its liquidity safely, meeting its obligations in a timely manner and in full.” – commented Imre Laszlóczki, Deputy Chairperson of the IIB Management Board.

On November 1, 2022 IIB redeemed RON 500 mln bonds with the coupon of 3,98 % p.a. for investors. This debt instrument was the largest in volume ever in RON denomination, in raw the fifth issued in 2019 in domestic format under the Romanian law, approved by local Supervision, and listed on the Buchar...

18/10/2022

International Investment Bank fulfills its obligations towards Hungarian investors.
On October 18, 2022 IIB redeemed the outstanding part of IIB2022/II HUF bonds.
This debt instrument was issued under the Hungarian law, approved by the National Bank of Hungary and listed on the Budapest Stock Exchange with ISIN HU0000359245, in a total amount of HUF 10,84 bn and with the coupon of 1,25% for its holders.
“In current challenging global economic environment the Bank is determined to continue carrying out its mission as a multilateral development institution and to duly fulfill its obligations to investors, financial institutions and other partners. IIB sophisticated risk management system allows us to safely manage the Bank’s liquidity”, commented Imre Laszloczki, Deputy Chairperson of the IIB Management Board.
https://iib.int/en/articles/international-investment-bank-fulfills-its-obligations-towards-hungarian-investors

10/03/2022

Fitch Ratings keeps IIB as investment grade, having reviewed its long-term credit rating

Following the decision of S&P Global that affirmed the long-term credit rating of International Investment Bank at “A-“ level with a negative outlook, on March 9, 2022 Fitch Ratings reviewed the institution’s long-term credit rating assigning “BBB” with a negative outlook. The decision aff...

09/03/2022

S&P Global affirms our long-term credit rating at A-

On March 9, 2022, international credit rating agency S&P Global affirmed long-term rating of International Investment Bank at “A-“. Among the main factors underpinning the decision, S&P indicates the solid capital position, comprehensive liquidity buffers and the special status of IIB as an inte...

25/02/2022

IIB further promotes direct investment in the automotive industry of its member states:
financial support provided to Faurecia SE Group.
International Investment Bank acted as an investor in Schuldscheindarlehen (SSD) issue of the French Faurecia SE Group, one of the global leaders in the development of innovative solutions, technologies, components and interfaces for the automotive industry. The total volume of resources allocated by IIB amounts to EUR 50 mln with Commerzbank AG and Helaba acting as lead arrangers for the deal.
According to the terms of the loan agreement, IIB's funds provided for up to 8 years would be allocated to expand direct investments of the Group in 5 member states of the Bank. Thus, the Bank’s participation in this transaction will support the sustainable development of a strategically important automotive industry, which provides a significant share of exports and employment in these countries.
Faurecia Group is one of the world's leading developers of innovative solutions for the “green” transport, its Sustainable Mobility strategy is designed to support a progressive transition of the global automotive industry to clean technologies.
The Group currently operates 266 manufacturing plants, 39 research and development centres in 35 countries employing over 114,000 people and has the world’s 10 major carmakers as its clients. At least 1/3 vehicles worldwide involve Faurecia technologies and components. The Group conducts large-scale scientific research and is a confident leader in such areas as solutions for hydrogen and electric propulsion systems, the development of hydrogen energy infrastructure, low-emission technologies for internal combustion engines, etc.
Faurecia's activities are aimed at contribution of the achievement of the UN Sustainable Development Goals (SDGs), such as combating negative impact of climate change, reducing greenhouse gas emissions, widely using "sustainable", "clean", energy efficient and waste-free technologies and products. The Group's strategic plans provide for becoming a CO2 neutral company by 2030. An important place in the ESG strategy is also given to positioning Faurecia as a responsible employer.
“The partnership with Faurecia is of high importance for IIB for a number of significant reasons. First, both the Group and IIB pay special attention to such vital non-financial effects of our operations as environmental protection and social development. Secondly, supporting this transaction, IIB contributes to attracting direct investments in the key industry of our 5 member states at once, supports sustainable development and “green transformation” of the global automotive industry.” said Georgy Potapov, Deputy Chairperson of the IIB Management Board in charge of the Lending and Investment.
https://iib.int/en/articles/iib-further-promotes-direct-investment-in-the-automotive-industry-of-its-member-states-financial-sup

22/02/2022

IIB is hiring! Our dynamic team is looking for a colleague to fill in the position of an Internal Auditor in the Internal Control Department in our Headquarters in Budapest. To apply please follow the link https://iib.int/en/hr/155

Internal Auditor, Internal Control Department.
Key responsibilities:
• Participation in auditing the main business areas of the Bank;
• Participation in writing the audit reports;
• Conduction of follow-up to monitor the implementation of Internal Control recommendations;
• Participation in the process of approval of the Bank’s regulatory documents;
• Organization and management of the department's paperwork, archive of original documents, transfer to the Bank archive.
Job requirements:
Education:
• University degree in finance/economics;
• Certificate of Internal Auditor is a plus.
Work experience:
• Work experience in bank /insurance company / leasing company in the related function as an auditor or an internal controller at least two years;
• Work experience in audit and consulting companies is welcome;
• Work experience in international organizations and/or international banks and/or development banks and/or commercial banks, including IIB member states and/or a relevant position in dedicated governmental bodies in the Bank’s member states – preferred.
Knowledge, skills and competencies:
• Knowledge of key principles of lending process, treasury operations, risk management, operating activities, internal control operations;
• Knowledge of key planning and budgeting criteria and methods of credit institution;
• Knowledge of Basel standards/principals/recommendations, international standards of internal audit – preferred;
• Skills in development/review of normative documents (policies, procedures, methodologies);
• Attention to details;
• Advanced PC user (MS Word, MS Excel, MS PowerPoint);
• Fluent in English, good knowledge of Russian, knowledge of Hungarian is an advantage;
• Good writing and communication skills.
Working conditions:
• Job location – Budapest, Fő utca 1, Hungary;
• IIB provides a competitive remuneration with attractive benefits package including medical insurance, relocation package (if required) and other benefits and allowances.

08/02/2022

IIB extends support of the international expansion of Bulgarian business: the Bank provided a loan to Eurohold Bulgaria AD.
International Investment Bank and Eurohold Bulgaria AD have concluded a new bilateral agreement for a seven-year loan of EUR 7 million to further support the international development of the Group's business, including in IIB member states.
Founded in 1995, Eurohold Group is one of the largest diversified holding companies in Bulgaria and Central and South-Eastern Europe. Its strategic interests cover such priority sectors as insurance, financial and investment services, energy, sale and leasing of vehicles.
The geography of the Group's presence involves 14 European countries, three of which - Bulgaria, Romania and Russia - are IIB member states. Thus, an important characteristic of this transaction is the distinct integration effect achieved by its implementation.
IIB and Eurohold Bulgaria AD have been fruitfully cooperating since 2014, when the Bank provided the Group with financial support for the first time to expand its presence in Romania. Taking into account the current transaction, the total amount of investments allocated by IIB in the interests of Eurohold Bulgaria AD exceeded EUR 54 million.
“The collaboration between International Investment Bank and Eurohold Bulgaria AD is a vivid example of the positive impact a long-term cooperation with the Bank brings to the comprehensive and successful development of our clients' business. Since the beginning of our collaboration, the Group has demonstrated a real “success story”, having consolidated its position as one of the leading diverse financial and economic holdings in the region.” - said Georgy Potapov, IIB Deputy Chairperson of the Management Board in charge of Lending and Investment. “We are very pleased with the achievements of our long-standing Bulgarian counterpart and will look for opportunities to continue our fruitful project partnership in the future.”
Bulgaria is one of the most active IIB member states with the third largest share in the Bank’s paid-in capital. To date, the volume of the "Bulgarian" loan portfolio exceeds EUR 130 million. Since the relaunch of the Bank in 2012, over EUR 380 million have been allocated to support such key sectors of the Bulgarian economy as infrastructure development, energy, telecommunications, food and pharmaceutical industries.
Currently, a number of Bulgarian projects amounting to over EUR 100 million is at various stages of assessment at IIB.

https://iib.int/en/articles/iib-extends-support-of-the-international-expansion-of-bulgarian-business-the-bank-provided-a-loan-to