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18 Nov 2019
IBEC expands its resource base: EUR 10 million loan from RBI Group

IBEC expands its resource base: EUR 10 million loan from RBI Group

International Bank for Economic Co-operation signed a loan agreement with Austrian Raiffeisen Bank International AG (RBI). RBI will provide IBEC with 10 million euros for a period of 2 years. The funds will be used in the key IBEC business profiles in accordance with the Bank’s updated development strategy. First of all, to increase trade finance operations, which is now one of the priorities and successful business lines and almost completely covers the geography of IBEC presence.   Read more

12 Nov 2019
Mutually beneficial partnership with the National Factoring Company

Mutually beneficial partnership with the National Factoring Company

The International Bank for Economic Co-operation actively develops factoring operations for its customers. Together with the National Factoring Company, one of the leaders of the Russian market in this area, another transaction was financed – the implementation of a contract for the supply of rolled steel from the Russian Federation to Lithuania for the production of polymer-coated materials. High-tech products are actively used in construction, engineering and shipbuilding, and agriculture.   Read more

08 Nov 2019
New contracts on the Belarusian market

New contracts on the Belarusian market

The International Bank for Economic Co-operation continues to actively promote the development of foreign trade relations of its member states with the Republic of Belarus. The next trade finance transaction is executed with the Belarusky Narodny Bank. At the first stage of financing, funds in the amount of 490 thousand euros were directed for the implementation of contract for the supply of Polish technological equipment for the production of foam-based insulating structures. Such modern building materials used in housing construction help to reduce energy consumption, ensuring compliance of the houses being built with modern environmental standards.   Read more

06 Nov 2019
IBEC increases trade finance operations

IBEC increases trade finance operations

The International Bank for Economic Co-operation is actively developing operations with off-balance sheet documentary instruments. IBEC confirmed a letter of credit issued by OJSC Belagroprombank in the amount of 221.1 million rubles. Banks took into account a number of special requirements of the client concerning the transaction, demonstrating a flexible customer-oriented approach, which is an important advantage of IBEC in the sector of trade finance operations.   Read more

05 Nov 2019
New IBEC reimbursement deal

New IBEC reimbursement deal

The International Bank for Economic Co-operation continues to actively develop instruments to support foreign trade operations of its clients. IBEC acted as a reimbursing bank under a letter of credit issued by Golomt Bank(Mongolia), providing financing for the supply of food products to Mongolia from Poland. This operation ensured the implementation of the contract between the two member countries of the Bank, demonstrating the effectiveness of the financial infrastructure which is being created by IBEC for its clients.   Read more