IBEC’s role in the dynamically developing system of international economic relations — foreign trade service center for the Bank’s member states. Pursuant to its mandate, IBEC provides financing for trade operations of the member states, including support for foreign economic activity of small and medium-sized enterprises.
Alongside with dynamic development of its business and active build up of a high-quality portfolio, IBEC has started a quantitative assessment of the implementation of its mandate as a development bank and contribution to the economic development of its member states: the Bank now takes into account development portfolio, which includes various forms of support to counterparties from the member states, aimed at facilitating social and economic development, growth in prosperity and economic cooperation between the member states.
On the 57th Bank’s anniversary, Chairman of the Board Denis Ivanov speaks about the results achieved and plans for the next 5 years Read more
International Bank for Economic Co-operation will provide financing to the Russian State Transport Leasing Company (STLC) in the amount of 1.5 billion rubles. This agreement was signed by Mikhail Poluboyarinov, CEO of GTLK, and Denis Ivanov, Chairman of the IBEC Management Board. Read more
In August and September International Bank for Economic Co-operation in partnership with Golomt Bank of Mongolia implemented a series of transactions for financial and non-financial support of Mongolia's foreign trade. A wide range of products offered by IBEC for the successful and efficient foreign trade operations is in demand by the Bank’s clients. The operations include documentary transactions and import financing. In particular, for the first time the Bank issued a counter-guarantee for Golomt Bank. The total amount of transactions for this period amounted to almost EUR 9 million with terms from 6 to 12 months. Read more