The International Investment Bank is moving its HQ from Moscow to Budapest. Still, it remains close to Vladimír Putin and finances projects close to Moscow. In Slovakia, the bank lent €8m in 2004 to Georgian businessman Nodari Giorgadze to build the water world in Bešeňová. Later, VÚB took over the financing. In 2015, it provided a €22.5m loan to Tatravagónka (Alexej Beljajev) to fund wagon production in Russia. In 2010 it lent €9m to developer Dixia Sollaris for the Urbanic project in Bratislava’s center. The developer went bust in 2014, and Marian Kočner purchased the building from a bankruptcy trustee for €6m. In 2017, it provided €8m to SES Tlmače (Daniel Křetínský). Slovenské elektrárne (Daniel Křetínský) took out an €80m loan for completion of the Mochovce nuclear power plant.