International Investment Bank - IIB
The International Investment Bank – IIB was established in 1970. Its headquarters is in Moscow (Russian Federation), although the Bank is currently moving the headquarters to Budapest (Hungary). The members of the Bank are Republic of Bulgaria, Hungary, Socialist Republic of Vietnam, Republic of Cuba, Mongolia, Russian Federation, Romania, Slovak Republic and the Czech Republic.
IIB provides medium and long-term financing for projects aimed at economic, social and environmental development of the economies of its shareholders. The total net loan portfolio of the Bank as of 30 April 2019 amounted to 802 mil. eur.
International rating agency Fitch Ratings assigned the IIB a Long-term Issuer Default Rating (IDR) of «BBB+», forecast stable, Moody's Investors Service assigned a first-time foreign and local currency issuer rating of А3, forecast stable, International rating agency S&P assigned the IIB a Long-term Issuer Default Rating (IDR) of «A-», forecast stable.
The contribution of SR in paid-in capital of IIB is 21 481 113,06 eur, which represents 6.5% of total paid-in capital. IIB authorised charter capital amounts to 2 bn. eur.
The representative of the Slovak Republic on the Management Board is Mr. Jozef Kollár.