
IBEC takes on the role of investor in the bonds of the Council of Europe Development Bank
International Bank for Economic Co-operation took part in the IPO of the 10-year bonds of the Council of Europe Development Bank. Read more
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.
International Bank for Economic Co-operation took part in the IPO of the 10-year bonds of the Council of Europe Development Bank. Read more
International Bank for Economic Co-operation takes part in arranging a syndicated loan for the Russian Sovcombank. Signing and issuance took place at the very end of 2020. Due to the high interest of investors, the initial amount was increased from USD 200 to USD 350 million. The syndicate members include leading international and Russian banks – UniCredit, Commerzbank, HSBC, ING Eurazia Credit Suisse Intesa, RRDB, Zenit, Rosbank. Read more
International Bank for Economic Co-operation provided a long-term loan to the Russian State Transport Leasing Company (GTLK) in the amount of 480 million rubles. At the expense of the IBEC financial resources, three localized aircrafts of the Czech brand L-410 were purchased and subsequently transferred into operation. This light aircraft is manufactured at the Ural Civil Aviation Plant in Russia. Read more