On October 27, 2020, Russia's Analytical Credit Rating Agency (ACRA) affirmed the international scale credit rating of International Investment Bank at 'A', with a stable outlook, the national scale credit rating at 'AAA'(RU), with a stable outlook, affirmed the rating of the bond issues at 'AAA'(RU), the rating agency informed.
The credit rating of International Investment Bank (hereinafter, IIB, or the Bank) is driven by the Bank's Standalone Credit Assessment (SCA), which stems from strong capital adequacy, adequate risk profile, adequate liquidity and funding, as well as moderately strong support levels from its shareholders.
Headquartered in Budapest (moved from Moscow in H2 2019), IIB is an International Financial Institution (IFI)/supranational development bank with a mandate to support small and medium size enterprises (SMEs), infrastructure and socio-economically valuable projects among its member states and beyond, reinforcing cooperation. The member states of IIB are the Russian Federation (45.4%), Hungary (17.4%), the Republic of Bulgaria (11.2%), the Czech Republic (9.9%), Romania (6.9%), the Slovak Republic (5.7%), the Republic of Cuba (1.4%), the Socialist Republic of Vietnam (1.0%) and Mongolia (0.9%). Originally founded in 1970, IIB entered a dormant period following the fall of the Soviet Union in the early 1990's until its successful relaunch in 2012 that oversaw a revamped and modern take on the overall business, experienced professional management team, ever-raising standards of governance and operations and robust risk management policies.
