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26 Jun 2019
Long-term Partnership Between IBEC and MGIMO University

Long-term Partnership Between IBEC and MGIMO University

International Bank for Economic Co-operation and the Moscow State Institute of International Relations (MGIMO University) of the Ministry of Foreign Affairs of the Russian Federation concluded an agreement on partnership and cooperation. The document was signed by Denis Ivanov, Chairman of the IBEC Board, and Vladimir Morozov, MGIMO Vice-Rector for Human Resources.   Read more

21 Jun 2019
IBEC expands portfolio of documentary operations

IBEC expands portfolio of documentary operations

IBEC added confirmation on two letters of credit issued by Belagroprombank OJSC (Belarus) in favor of Russian suppliers of agricultural products. The total amount of letters of credit is more than 83 million Russian rubles (about 1.1 million euros in the equivalent). The use of the Russian ruble as transaction currency reflects IBEC course for more active use of member states currencies. Having ample opportunities for cross-country payments in national currencies, IBEC provides its clients with additional protection against exchange rate risks, reducing transaction costs and simplifying implementation of foreign economic operations.   Read more

19 Jun 2019
Meeting at the Ministry of Finance of the Republic of Bulgaria

Meeting at the Ministry of Finance of the Republic of Bulgaria

A substantive dialogue with the leaders of the economic bloc of the Bulgarian government continued in the Ministry of Finance of the Republic of Bulgaria. IBEC head, Denis Ivanov, informed the Minister, Mr. Vladislav Goranov, and the head of the Bulgarian delegation in the IBEC Council, Ms. Marinella Petrova, about the Bank's transformation program and the positive dynamics of business indicators. The results of the May Council Meeting in Moscow, where the Council approved the new course of IBEC development, were also highlighted.   Read more

19 Jun 2019
Bulgarian government supports IBEC development

Bulgarian government supports IBEC development

The delegation of International Bank for Economic Cooperation, headed by the Chairman of the Board Denis Ivanov, during the business trip to Bulgaria paid visits to relevant national ministries – Ministry of Economy and Ministry of Finance.   Read more