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27 Nov 2020
IBEC opened a portfolio of forfaiting transactions

IBEC opened a portfolio of forfaiting transactions

International Bank for Economic Co-operation is expanding its range of trade finance instruments. The first forfaiting deal is implemented – IBEC bought out the obligations of the Vietnamese SHB Bank in the secondary market from an international financial institution. The transaction amount is USD 2.5 million, for a period of 4 months.   Read more

19 Nov 2020
Syndicated loan for the Uzbek Xalq Bank

Syndicated loan for the Uzbek Xalq Bank

International Bank for Economic Co-operation took part in a syndicated loan for Xalq Bank (State Commercial People’s Bank). The subscription, organized by Deutsche Bank AG, raised USD 102.5 million for a period of 13 months. Together with IBEC, Russian and European financial institutions also took part in the transaction. IBEC financing is aimed at supporting the export of goods, works and services from the IBEC member countries – Russia, the Czech Republic and Poland – to Uzbekistan.   Read more