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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

20 Dec 2019
IBEC develops relations with Armenia

IBEC develops relations with Armenia

International Bank for Economic Co-operation and Ardshinbank (Armenia) have provided financing under a foreign trade contract for the supply of consumer goods from Russia to Armenia. Funds in the amount of 0.6 million euros were allocated for six months.   Read more

17 Dec 2019
New deals with Belagroprombank

New deals with Belagroprombank

International Bank for Economic Co-operation is increasing the volumes of documentary business. Another transaction with Belagroprombank has been carried out, the letter of credit in the amount of around USD 1.1 million was confirmed by IBEC. The funds were used to ensure the supply of agricultural products from Russia.   Read more

05 Dec 2019
IBEC Council summed up the development of the bank in 2019 and outlined new prospects

IBEC Council summed up the development of the bank in 2019 and outlined new prospects

At the end of November, the 134th meeting of the Council, the highest governing body of IBEC, was held in Vietnam. Ms. Nguyen Thi Hong, Vice-governor of the State Bank of Vietnam opened the Council meeting with welcome speech. During the meeting, key issues of the bank's development were considered. First of all, the implementation of the updated strategy of the bank was analyzed and approved, preliminary results of the 2019 were summed up. According to the results of 10 months, the Bank's loan and documentary portfolio for the first time exceeded 300 million euros, and the bank's assets exceeded the mark of 500 million euros.   Read more