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22 Jun 2020
Fitch Ratings confirms Positive Outlook on International Bank for Economic Co-operation

Fitch Ratings confirms Positive Outlook on International Bank for Economic Co-operation

International rating agency Fitch Ratings has confirmed positive outlook on the rating of the International Bank for Economic Co-operation in the context of the ongoing global crisis caused by the COVID-19 pandemic. On March 11, 2020 Fitch Ratings has revised the Outlook on IBEC, namely: Long-Term Issuer Default Rating (IDR) to Positive from Stable and affirmed the IDR at “BBB-“. IBEC’s Short-Term IDR has been affirmed at “F3”.   Read more

15 Jun 2020
IBEC supports the medical industry in Bulgaria

IBEC supports the medical industry in Bulgaria

International Bank for Economic Co-operation has opened a credit line to the Bulgarian Doverie United Holding, which is part of the Sopharma AD group. The amount of financing is EUR 5 million, the funds will be allocated for the implementation of ongoing projects of the holding enterprises.   Read more

10 Jun 2020
Wide geography of IBEC trade financing

Wide geography of IBEC trade financing

International Bank for Economic Cooperation has funded two more letters of credit for foreign trade contracts for the supply of polypropylene from Vietnam. The total amount is USD 3.5 million. Transactions are carried out in cooperation with the IBEC's permanent and largest partner in the Vietnamese market - Saigon-Hanoi Commercial Joint Stock Bank (SHB).   Read more

10 Jun 2020
IBEC is developing business in Hungary

IBEC is developing business in Hungary

International Bank for Economic Co-operation has carried out settlements for the supply of an indirect cooling system for a combined heat and power generation plant from Hungary to Russia. The cooling equipment is designed and manufactured by the leading European manufacturer Enexio Hungary Zrt. and contributes as a key component to the construction of a strategic infrastructure facility in the Russian Federation.   Read more