FIB was founded on February the 12th, 1955 by:
- The Finnish Bandy Federation (The Finnish Ball Association)
- The Norwegian Bandy Association
- The Russian Bandy Federation (The Soviet Union Bandy Association)
- The Swedish Bandy Association
The name was from 1957 "The International Bandy Federation." At the Congress in Budapest/Hungary in 2001 the name was changed to "Federation of International Bandy" according to a request from IOC the same year, with reference to our approval as "recognized sport". The acronym IBF was occupied.
The purposes of FIB are:
2.1 FIB in its activities completely shares and keeps in practice the principles and articles of the Olympic Charter including the policy with regard to anti-doping controls.
2.2 To promote an overall development of the bandy- and the rink-bandy sports within the member countries and to carry on propaganda for the sports' importance and advantages; and to work for it to become an olympic sport.
2.3 FIB is independent autonomic mainsports organization which mainly is governing bandy activities all over the world.
2.4 To lead and to supervise the bandy and rink-bandy sports all over the world and to settle the rules for the games.
2.5 To entrust a national member association with the arrangement of an official world championship (WCS). At least 4 nations must participate.
2.6 To promote the introduction and the membership of new nations to FIB