International Investment Bank (IIB)
The International Investment Bank (IIB) is a multilateral development institution with over EUR 7.6 billion invested during the 45 years of its existence. The IIB invests in projects benefitting the economies of its member states and fostering economic cooperation between them, and focuses in particular on support for SMEs. The current nine members and shareholders of the Bank are Bulgaria, Cuba, Czech Republic, Hungary, Mongolia, Romania, Russia, Slovakia and Vietnam. The IIB has undergone major transformation since late 2012 and is rated Baa1 (outlook stable) by Moody's, BBB (outlook stable) by Fitch, BBB (outlook stable) by Standard & Poor’s, A by Dagong (outlook stable).
Since their foundation in 1970, the IIB team has always been international and multicultural. Currently, the IIB pursues its goals through a well-coordinated team of talented professionals at its headquarters in Moscow, Russia and at the IIB European Regional Office in Bratislava, Slovakia.
The corporate culture of the Bank implies IIB's responsibility for its employees, the creation of a motivating environment and strengthening of the team spirit, providing opportunities to expand professional capacity. Their employees are distinguished by their social and business ethics, respect for human rights, high professionalism and drive to achieve excellence.
The IIB offers competitive remuneration, medical insurance, opportunity to participate in a voluntary pension scheme and other benefits.
The International Investment Bank (IIB) is a multilateral institution for development that promotes social and economic development, prosperity, and economic cooperation between its member states.
Main directions for its activities are the support of the small and medium-sized businesses and participation in financing socially significant infrastructure projects.
The Bank provides loans primarily through leading domestic publicly owned financial institutions, development banks, export and import banks and agencies, or lends in partnership with other international institutions for development.
The IIB was founded on the basis of an intergovernmental Agreement establishing the International Investment Bank and its Statutes. The Agreement was signed by all the member states of the Bank on July 10 1970 , and registered with the United Nations Secretariat under registration number 11417.
The Council of the Bank is its highest authority and is composed of the member states' representatives to the IIB. The Board is its executive body where members are appointed by the Council. Audit of the Bank's activities is carried out by the Audit Commission that comprises the representatives of the IIB's member states appointed by the Council.
The Bank is an international intergovernmental organisation, that enjoys tax-free and regulation-free status, as well as the support of its member states' governmental bodies.
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.
The headquarters of the Bank is in Moscow. In April, 2015, the IIB opened its first European regional office in Bratislava, Slovakia.
Moody's Investors Service assigned a first-time foreign and local currency issuer rating of Baa1, forecast stable to the International Investment Bank. International rating agency Fitch Ratings assigned the IIB a Long-term Issuer Default Rating (IDR) of «BBB» and Short-term IDR of «F2», forecast stable. Chinese rating agency Dagong assigned the IIB a Long-term Issuer Default Rating (IDR) of «A», forecast stable. International rating agency S&P assigned the IIB a Long-term Issuer Default Rating (IDR) of «BBB» and Short-term IDR of «A-2», forecast stable. The assigned ratings allowed the Bank to successfully enter the capital markets. For the moment being the IIB has issued bonds in Russian Federation, Slovak Republic and Romania.
The IIB's own funds reach EUR 374 million. It's paid-in capital amounts to EUR 313 million as of March 9, 2016. In accordance with the Resolution of the Council of 6 June 2013, the Bank's paid-in capital will be increased to EUR 341.6 million.