The International Bank for Economic Co-operation, established in 1963, is headquartered in Moscow, Russian Federation.
The Bank's member countries are: the Republic of Bulgaria, the Socialist Republic of Vietnam, Mongolia, the Republic of Poland, the Russian Federation, Romania, the Slovak Republic and the Czech Republic.
In accordance with a decision of the IBEC Council the Bank's balance sheet is being kept in euros. The IBEC's authorized capital is 400 million euros, and its paid-up capital is 200 million euros.
The Bank has a broad network of correspondent banks in the IBEC member countries as well as in other countries. The charges for the services provided by the Bank is on a level with the standards accepted in international banking practice. The payment orders are effected within 24 hours.
The IBEC guarantees confidentiality in respect of its customers' accounts and deposits.
The Bank possesses Legal Entity Identifier No.: 253400HA8YB1HUTNC692.