International Bank for Economic Co-operation continues to develop active interbank cooperation with Golomt Bank, one of the leading financial institutions in Mongolia. Banks have implemented three trade finance transactions totaling USD 2,2 million. Read more
International Bank for Economic Co-operation is consistently implementing the mission to support the economic development of its member states. In the context of the global socio-economic turbulence caused by the coronavirus pandemic, such issues as government support for the population and business, monetary stimulus of economic activity, demand recovery, and financial markets support step forward. Read more
The International Bank for Economic Co-operation and the Eurasian Development Bank have concluded a Memorandum of Cooperation. The agreement was signed by Andrei Belyaninov, Chairman of the EDB Board, Denis Ivanov, Chairman of the IBEC Board, and Ms. Thinh Thi Hong, Member of the IBEC Board. Read more
On May 29, 2020, rating agency ACRA Europe a.s announced the assignment of a long-term foreign currency rating at “BBB” with a stable outlook to International Bank for Economic Co-operation. Read more
New trade finance deals were implemented in the Asian direction – in partnership with the Saigon-Hanoi Commercial Joint Stock Bank (SHB). IBEC provided financing under letters of credit opened for the export of polypropylene. The Bank continues to support the foreign economic activity of Vietnamese companies, providing comfortable contract terms for both exporters and buyers of Vietnamese products. The total amount of transactions – USD 3.5 million, letters of credit term is 6 months. Read more