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.
In March International Bank for Economic Co-operation has implemented a series of trade finance deals with the Belarusky Narodny Bank (BNB-Bank). New loans in the Belarusian direction ensure geographical diversification of business and growth of foreign trade activity in the area of IBEC presence. Read more
Chairman of the IBEC Board Denis Ivanov became a member of the Business Council of the Financial and Banking Association of Euro-Asian Cooperation (FBA EAC). The unanimous election took place at the FBA EAC General Meeting, where Mr. Ivanov participated. Read more
Dear Clients and Partners of IBEC,
The continuously evolving nature of the global COVID-19 situation has meant we at the International Bank for Economic Co-Operation are taking all necessary steps to keep business disruption to an absolute minimum.
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