International Asset Bank

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International Asset Bank shall support Vidin municipality

25 February 2007

International Asset Bank was nominated a creditor bank during the procedure for selection of financial institution organized by Vidin municipality in conformity with the Public Procurement Act. The Bank shall finance an approved project on improvement of the infrastructure of Vidin municipality amounting to BGN 4,000,000.00. Funds are to be spent for basic repair of streets, public works on the territory of the settlements and street lighting technical improvement. Investments are to be made also in the infrastructure and the educational establishments of Vidin municipality.

International Asset Bank is operating for more than 15 years on the financial market and it services with priority 13 municipalities.

The Bank was rated by the international rating agency Moody’s with В2/NP (positive perspective) as regards fixed and short-term bank deposits and Е+ (positive perspective) as regards bank financial stability.