International Bank for Economic Co-operation conducted another trade finance operation in the total amount of USD 0,6 million and all-in tenor of 1 year under the Master Financing Agreement between IBEC and GOLOMT BANK OF MONGOLIA. Read more
International Bank for Economic Co-operation to facilitate the export in its member countries supported the delivery of ground support equipment from Poland to the Republic of Belarus, issuing a short-term target loan of EUR 2,2 million. The transaction is implemented under the Master Agreement between the IBEC and Belinvestbank JSC in the beginning of 2019. Read more
On 28 December 2018 the International bank for economic co-operation (IBEC) issued counter-guarantees to OTP Bank which in its turn issues guarantees to subsidiary of the pharma company EGIS (Hungary). Read more
20 December 2018 International Bank for Economic Co-operation (IBEC) for the first time in its new history closed a trade finance deal in Vietnam.
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International Bank for Economic Co-operation has provided JSC TENEX with the first tranche of EUR 30 mln for a period of 2 years, as part of the established loan facility. Support for exports of the Bank’s member states is among the Bank’s priority goals according to the IBEC Updated Strategy approved by the Bank’s Council. Loan proceeds will be used to finance the costs of the Russian exporter associated with the peaceful uranium enrichment for its further export to foreign markets.
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