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15 Jan 2021
IBEC finances Sovcombank

IBEC finances Sovcombank

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

14 Jan 2021
IBEC financed the development of Russian aviation

IBEC financed the development of Russian aviation

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

29 Dec 2020
 Start of partnership with PJSB Trustbank

Start of partnership with PJSB Trustbank

International Bank for Economic Co-operation continues to expand its partner network in the Asian region. The first deal with PJSB Trustbank from Uzbekistan was completed – IBEC issued a reimbursement undertaking under a letter of credit issued by Trustbank in the amount of USD 1 million.   Read more