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19 May 2020
IBEC provides financing to the leader of world metallurgy

IBEC provides financing to the leader of world metallurgy

International Bank for Economic Co-operation has provided a long-term credit line to Metalloinvest company in the amount of up to 40 million euro. The agreement signed by IBEC and Metalloinvest ensures the provision of loans for 3 years, repayment within 7 years. The funds will be used to finance the cost of importing new high-tech equipment. In the context of macroeconomic and socio-political uncertainty, such a long-term transaction demonstrates the confidence of partners in mutual plans and sustainability of business processes.   Read more

14 May 2020
Trade finance with Uzbekistan

Trade finance with Uzbekistan

The International Bank for Economic Co-operation is expanding the geography of trade finance operations to support the foreign trade of its member states.   Read more

13 May 2020
Financial sector in a pandemic - threats and prospects. IBEC experience

Financial sector in a pandemic - threats and prospects. IBEC experience

Changes in the work of the vast majority of companies and institutions are becoming more persistent and long-lasting. In the face of continuing uncertainty on the timing of the final overcome of the pandemic, the business community begins a dialogue on a new format of cooperation, new models and standards of business communications. Financial & Business Association of Euro-Asian Cooperationheld a videoconference "Credit institutions activities in times of pandemic." Among the topics discussed are: transformation of customer service models and processes, problems of information exchange with regulators, trade finance special features during quarantine. The conference was attended by representatives of banking organizations from 11 states. The discussion was moderated by Alexander Murychev, Chairman of the Board of the FBA.   Read more

20 Apr 2020
New IBEC trade deals

New IBEC trade deals

International Bank for Economic Co-operation has implemented another deal to support Russian non-oil exports. A contract for the supply of Russian chemical products worth 0.8 million euro with a loan term of 6 months to Belarus was financed in partnership with Belagroprombank OJSC, one of the key East European partners of IBEC.   Read more