International Investment Bank posts net profit of 7.2 million Euro, up by 45 percent in H1

International Investment Bank (IIB) published IFRS financial statements for the first half of the current year. IIB reached a net profit of 7.2 million Euro, which is more than 45 percent higher than the financial result for 2020.

As a result of the first 6 months of 2021, total volume of assets reached 1.712 billion euro, having increased by 5.6% since the beginning of the year. This is primarily due to the growth of lending and investment activities aimed at supporting the Bank’s member states, as well as due to an increase in volume of highly liquid treasury assets strategically important in a turbulent global economy.

During the reporting period, the net loan portfolio grew by more than 6.5% and reached 1.095 billion euro. The ongoing improvement of risk management and compliance control systems allows the Bank to maintain a high quality of its loan portfolio.

Relocation to Europe, full-scale integration of IIB into the international financial community, expansion of the client and investor base, increased brand awareness and active expansion of the partnership network contributed to an increase in the number of projects carried out in cooperation with multilateral and national development institutions, as well as commercial banks. In the first half of 2021, the share of such projects constituted 45 percent of the total loan portfolio.

Within the framework of the Trade Finance Facilitation Programme (TFFP), the Bank continues to carry out operations that contribute to the comprehensive strengthening and improvement of trade and economic ties between its member states. In total, since 2014, more than 235 trade finance transactions were executed in the total volume exceeding 438 million euro.