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2021/03/04 / Erste Group Research

IIB - International Investment Bank

The International Investment Bank (IIB) is a multilateral development institution home to Central and Eastern Europe with a 50-year history of promoting growth in its member countries. Its special status is based on an intergovernmental agreement, registered with the United Nations (UN).

IIB has a strong record of healthy growth of roughly 20% on average per year since 2012. In 2020, loan volume rose to more than EUR 1.0bn, growing the balance sheet to over EUR 1.6bn. Net income grew to roughly EUR 7mn. Capital adequacy was barely changed at 34%.

Capital markets are the main source of funding (approx. 80%) with close to EUR 0.9bn outstanding. IIB has been issuing bonds since 2014 in RUB, RON, CZK, HUF and EUR.

IIB has been awarded investment grade ratings since 2013, with all rating agencies affirming their view and outlook in the course of 2020, Fitch even upgrading IIB in September 2020. Contained risk appetite, liquidity with high capital buffers and the capitalization strategy reflecting member country support are seen as solid support for the ratings.

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General information

AuthorErste Group Research
Product nameCredit News
Topic in focusCredits/ Corporate bonds
Economy in focusHungary
Currency in focusHungarian Forint
Sector in focus-


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