Internationale Nederlanden Bank, N.V. Bratislava (Slovakia)
MIGA issued its first guarantees in the Slovak Republic to Internationale Nederlanden
Bank, N.V (ING) of the Netherlands. ING, one of the first foreign commercial banks in the republic, invested $55.5 million to expand its existing branch in Bratislava. The branch will focus its lending on infrastructure projects in the energy and telecommunications sectors. MIGA's guarantee of $49.9 million will cover the risks of currency transfer and expropriation.