What is Investkredit International Bank Plc?

Investkredit International Bank Plc is a multilateral development institution headquartered in Budapest, Hungary. Established in 1970, it operates under an international framework based on the Agreement Establishing the International Investment Bank, originally signed on June 10, 1970, and registered with the United Nations Secretariat on December 1, 1971. This agreement has since been amended and restated as needed.

What is the mission of Investkredit International Bank Plc?

The mission of Investkredit International Bank Plc is to foster connectivity and integration among its member states’ economies, promoting sustainable, inclusive growth and enhanced competitiveness based on historical connections.

What type of projects does Investkredit International Bank Plc finance?

Investkredit International Bank Plc specializes in medium- and long-term project financing that provides significant social, economic, and environmental benefits. It offers direct financing and loans in collaboration with other financial institutions, as well as through partner banks.

Who are the members of Investkredit International Bank Plc?

The member states of Investkredit International Bank Plc include the Republic of Cuba, Mongolia, the Russian Federation, and the Socialist Republic of Vietnam.

Where does Investkredit International Bank Plc operate?

Investkredit International Bank Plc primarily operates within its member states. However, it may also finance projects in other countries if those projects significantly benefit the member states.

How is Investkredit International Bank Plc different from a commercial bank?

Unlike commercial banks, Investkredit International Bank Plc is an international financial institution focused on promoting economic development and enhancing trade among its member states. Profit generation is not its primary objective. Additionally, it is exempt from national banking regulations and enjoys immunities and privileges, including tax exemptions in its member states. The bank’s activities are governed by its foundational agreement, Charter, bilateral agreements, and applicable international law.

Who leads Investkredit International Bank Plc?

The Chairperson of Investkredit International Bank Plc is appointed by the Board of Governors.

Who can become a member of Investkredit International Bank Plc?

As a supranational organization, Investkredit International Bank Plc accepts international financial institutions from various regions that align with its objectives and principles. New members are admitted by a resolution of the Board of Governors.

Are there other forms of participation in Investkredit International Bank Plc’s activities?

States, international financial institutions, and organizations that share the Bank’s mission may participate as associate members, partners, or observers.

What is the management structure of Investkredit International Bank Plc?

Investkredit International Bank Plc is governed by the Board of Governors, with representatives from each member state. The Board of Directors oversees general management, while the Management Board serves as the executive body. The Audit Committee, comprised of representatives from member states, ensures financial oversight. The bank’s financial statements are audited by EY.

What are the advantages of working with Investkredit International Bank Plc?

Investkredit International Bank Plc provides intergovernmental support, operates in diverse markets, and customizes financing to accommodate regional specifics and integration projects. It offers flexible terms and prioritizes participation in member states’ projects.

How to apply for financing with Investkredit International Bank Plc?

To apply for financing, contact the Customer Relations Department at +7 495 604 7416 or via email at credit@iibbank.com.

Who can become a client of Investkredit International Bank Plc?

Corporate clients and financial organizations aligned with the Bank’s principles may become clients. Eligible clients include those who add value and promote sustainable development in member states, along with international financial institutions, development banks, state-owned banks, commercial banks, leasing companies, and funds that align with the Bank’s priorities.

What types of projects does Investkredit International Bank Plc avoid?

Investkredit International Bank Plc does not finance projects that fail to support sustainable development or that do not align with its mission or strategy.

What is the Bank’s approach to corporate social responsibility?

Investkredit International Bank Plc adheres to CSR principles, focusing on projects that are socially oriented and resource-efficient. The Bank aims to improve the quality of life and address environmental challenges, including climate change, in line with its CSR Policy approved by the Board of Directors.

How to report concerns regarding corruption or fraud?

Investkredit International Bank Plc follows international compliance standards. Individuals may report corruption, fraud, or other offenses by sending complaints to the Compliance Department via post, email at compliance@iibbank.com, or the online reporting form.

How are the activities of Investkredit International Bank Plc regulated?

The Bank’s operations are governed by the Agreement Establishing the International Investment Bank and its Charter, as well as bilateral agreements and applicable international law. Adhering to universally accepted principles, the Bank complies with international standards and legal frameworks.