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09 Jun 2020
New deals with Golomt Bank

New deals with Golomt Bank

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

05 Jun 2020
IBEC invests in stability

IBEC invests in stability

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

31 May 2020
IBEC Supports Vietnam's Foreign Trade

IBEC Supports Vietnam's Foreign Trade

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