International Investment Bank

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International Investment Bank

1. A former bank established in 1971 to provide capital investment funding for Soviet bloc states. It was disestablished in 1991.

2. An investment bank whose practices comply with Islamic law. It was established in 2003 and is based in Bahrain.
References in periodicals archive ?
Registered with the United Nations Secretariat, the IIB focuses on promoting social and economic development, prosperity, and economic cooperation between its member states.
The IIB statement said that the agreement between the IIB and Hungary?
IIB chief executive Aabed Al Zeera said SCC opened in March last year, and IIB retains an active interest in the supervision of its operations.
bed Al-Zeera, IIB CEO and Board Member said: "We are pleased to announce the second consecutive dividend distribution to IIB KSA investors after strong performance of EGRC in 2012.
As a natural outcome of the strong operating growth, ARTES has delivered steady dividends over the last three years," said IIB chief executive officer Aabed Al Zeera.
IIB also has a EUR200m eurobond issue that is due in 2013.
Extensive training programmes are also being provided by IIB and Ernst & Young - Bahrain to the executive management of AmrahBank.
IIB was incorporated in Bahrain in October 2003 as an Islamic investment bank, with an authorized capital of $200 million and a paid up capital of $43 million.
The IIB is the largest organization of its type in the world with more than 4,500 accredited associates.
During this phase, the IBRD has reviewed IIBs governance system and prepared recommendations in relation to the transition from a 2-tier to a 3-tier governing structure introducing a Board of Governors, a Board of Directors and a Management Board that the IIB will undergo under its new statutory documents.
The aircraft, which was purchased by IIB in a sale and leaseback transaction earlier this year, is on lease to a leading regional airline on a non-cancellable basis for a period of nine years, and has recently been sold to an international buyer.
Much has happened in the 10 years since IIB was founded.