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.

IBEC has long-term BBB- and short-term F3 investment-grade ratings confirmed by Fitch Ratings in 2018. The outlook is stable. The Bank has a wide network of correspondent banks in the IBEC member states and other countries. The operations of the Bank are not subject to sanctions established by EU Council Regulation No. 833/2014 dated July 31, 2014. The intergovernmental status of the Bank provides additional benefits to customers. The authorized IBEC capital is EUR 400 mln, including the paid-in portion of EUR 200 mln. In accordance with the decree of the Government of the Russian Federation, IBEC securities have been authorized for public offering and circulation in the territory of the Russian Federation.

The Bank is actively implementing plans to expand operations and enhance the customer base. This is clearly shown by the financial performance: in 2018, for the first time in IBEC history, assets exceeded EUR 400 mln. The growth is fueled by a dynamic build up of a new high-quality loan portfolio, which increased to EUR 134 mln, largely driven by the development of trade finance operations. Geographical diversification of the portfolio has improved due to customers from Bulgaria, Vietnam and the Czech Republic. The Bank is currently developing operations in all the member states in line with the priorities described in country strategies

News

27 Dec 2019
IBEC invests in BT LEASING TRANSILVANIA bonds to support SME and sustainable-energy sectors

IBEC invests in BT LEASING TRANSILVANIA bonds to support SME and sustainable-energy sectors

International Bank for Economic Co-operation took part in the bonds placement of the Romanian company BT LEASING TRANSILVANIA IFN S.A. The debut issue of BT Leasing securities was implemented through a private placement among institutional investors. The total amount raised is 40 million euros. IBEC acquired 14% (EUR 5.6 million) of the total issue. The organizer was BT Capital Partners, a division of investment banking and capital markets, Banca Transilvania Financial Group.   Read more

24 Dec 2019
IBEC signed the agreement with MTBank

IBEC signed the agreement with MTBank

International Bank for Economic Co-operation expands its partnership network in Belarus, which is an important trading partner for most of the bank’s member states. General Cooperation Agreement was signed with the MTBank, and the first trade finance transaction has already been implemented. Pre-export financing of heavy equipment supply from Belarus to Russia was provided in the amount of 2 million euros and for the period of 11 months.   Read more

23 Dec 2019
IBEC took part in the issue of securities of SME Bank

IBEC took part in the issue of securities of SME Bank

International Bank for Economic Co-operation acted as a co-organizer and investor in the securitization of the SME Bank’s loan portfolio in the sector of small and medium-sized enterprises. Bonds issued in the amount of 5.8 billion rubles are guaranteed by the SME Corporation (ACRA rating - AAA (RU)). The rate of the 1st coupon is set at 6.70% per annum. The issue was also organized by Sovcombank, BCS Global Markets, VEB.RF and Promsvyazbank.   Read more