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02 Aug 2019
IBEC Asian Vector

IBEC Asian Vector

International Bank for Economic Co-operation took part in a foreign trade transaction for the supply of wood-chemical products to Vietnam. IBEC has advised a letter of credit issued by Vietcombank to secure a contract between the Vietnamese and Belarusian companies.   Read more

31 Jul 2019
The Republic of Belarus – stable IBEC partner

The Republic of Belarus – stable IBEC partner

IBEC continues effective cooperation with one of the largest Belarusian banks – Belagroprombank. Within the framework of the established partnerships, a number of foreign economic contracts of Belarusian companies were financed. This includes such a tool from product line for supporting foreign trade operations as pre-export financing. This financing will be aimed at supplying products of the Belarusian pulp-and-paper and chemical industry to Poland. Also, Russian petrochemical exports to the Republic of Belarus have been financed. The term of credit operations is up to a year, which will allow participants in foreign economic activity to easily fulfill their contractual obligations.   Read more

28 Jun 2019
Developing partner relations with Golomt bank (Mongolia)

Developing partner relations with Golomt bank (Mongolia)

With reference to the Master Financing Agreement concluded between International Bank for Economic Co-operation (IBEC) and Golomt Bank (Mongolia) in 2018, IBEC has extended a one-year trade related loan to the Mongolian counterparty in the amount exceeding EUR 500 thousand in the equivalent. The money will be used for financing Mongolian import of South Korean FMCG and nonfood goods. The transaction continues the series of IBEC interbank deals for Mongolian companies’ foreign trade support.   Read more