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
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
The Bank is actively developing the flagship direction of its business profile - support for foreign trade in Central and Eastern Europe. The next tranche in the amount of more than 1 million euros was given to Belarusian OJSC Belinvestbank. Read more
Considering the existing positive and active co-operation IBEC increased documentary business limit for LLC «FC Grand Capital » which would permit to secure the company’s liabilities and increase its business volumes with the largest global pharmaceutical producers. Read more
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