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03 Sep 2019
Agreement with Belarusbank in action

Agreement with Belarusbank in action

International Bank for Economic Co-operation conducted the first transaction with Belarusbank within the framework of the General Financing Agreement concluded in July 2019. IBEC confirmed the letter of credit opened by the Belarusian bank, with the subsequent provision of post-financing for a period of 360 days from the date of opening of the letter of credit. The deal is aimed at supporting the purchase of industrial equipment from Poland (a machine for weighing and labeling products for use in the food industry) by the Belarusian buyer.   Read more

27 Aug 2019
IBEC supports the innovative development of European transport infrastructure

IBEC supports the innovative development of European transport infrastructure

International Bank for Economic Co-operation has provided funding of € 15.18 million to the Polish company Laude Smart Intermodal to finance the purchase of innovative intermodal freight railway containers and platforms of Russian and Belarusian production. The Chairman of the IBEC Board Denis Ivanov and the General Director of the Polish company Mr. Marcin Witczak signed the loan agreement and the surety agreement on August 27 at the IBEC headquarters. This is the first transaction to finance a Polish company in the new history of the Bank, as well as one of the most long-term projects in the current IBEC portfolio. The Agreement is signed for up to 7 years.   Read more

23 Aug 2019
Trade finance in Vietnam

Trade finance in Vietnam

International Bank for Economic Co-operation is expanding its presence in the Vietnamese market. Another trade finance transaction in partnership with Saigon-Hanoi Commercial Joint Stock Bank (SHB). An import letter of credit was financed for the implementation of import operations for the supply of agricultural goods and raw materials in the amount of $ 6.4 million.   Read more