Comecon
Battered by Sanctions and Shareholder Exits, Is End Nigh for Russian ‘Spy Bank’ in Hungary?
This was then followed on February 25 by some ominous-sounding comments from Orban's chief of staff, Gergely Gulyas, who in response to journalist enquiries about the viability of the IIB admitted that "it's in an extremely difficult situation [and] I don't know if it's possible to save the bank."
Half a Century Later: Bulgaria Leaves Two Soviet Banks
The National Assembly voted on the first reading of a bill submitted by the Council of Ministers for the denunciation of two agreements for Bulgaria's participation in two banks with majority participation by Russia, founded in 1963 and 1970 in Moscow.
First Online IIB Board of Directors Meeting Takes Place
On June 5, 2020, the 6th meeting of the Board of Directors of International Investment Bank took place. The delegations of IIB member states discussed preliminary results of the Banks' activities since the beginning of this year and took a number of important decisions.
IIB Places a New CZK-Denominated Bond under the MTN Programme
On May 19, 2020 International Investment Bank successfully executed the second transaction under its MTN Programme, which was registered this March on the Dublin Stock Exchange. Czech koruna (CZK)-denominated bonds in the total volume of CZK 621 million (approximately EUR 22,6 million) were issued with a maturity of three years and will be listed on Euronext Dublin.
Hungary Increases its Share in the Paid-in Capital of the International Investment Bank (IIB)
The Government of Hungary increased its share in the paid-in capital of International Investment Bank (IIB) contributing an amount of 10 million euro on January 15, 2020. This continues a new round of capitalisation of the Bank.