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25 Aug 2020
IBEC finances trade relations between Russia and Armenia

IBEC finances trade relations between Russia and Armenia

International Bank for Economic Co-operation continues to provide financial support to the development of foreign trade operations with the CIS states. Together with “Ardshinbank” CJSC (Armenia), IBEC finances two contracts for the supply of agricultural products from Armenia to Russia. Trade loans totaling EUR 4.5 million were issued for a period of up to 1 year and once again confirm the demand and effectiveness of trade finance products offered by IBEC.   Read more

12 Aug 2020
IBEC supports the development of the insurance business in the markets of its member states

IBEC supports the development of the insurance business in the markets of its member states

International Bank for Economic Co-operation has signed a loan agreement with the largest Bulgarian private holding company Eurohold, whose interests are focused on insurance, leasing, and financial services. A credit line with a total limit of EUR 20 million is provided for up to 2 years for the development of insurance business in the member countries of the Bank. The first tranche of EUR 11.5 million has already been disbursed. It aims at expanding Eurohold's existing insurance business in Poland, Bulgaria and Romania. The development program of the insurance group involves opening of new offices and points of sale, and expansion of the agent network.   Read more

03 Aug 2020
IBEC documentary instruments for Mongolia's foreign trade

IBEC documentary instruments for Mongolia's foreign trade

International Bank for Economic Co-operation has completed trade finance deals with one of its committed partners – Golomt Bank (Mongolia). IBEC issued reimbursement obligations totaling USD 3.5 million. They provide supplies of railway equipment from Germany and petrochemical products from Singapore to Mongolia. Stable business ties between the two financial institutions make it possible to promptly meet the needs of Mongolian importers, providing them with efficient and comfortable contract execution schemes.   Read more

14 Jul 2020
IBEC supports export of the Czech Republic

IBEC supports export of the Czech Republic

International Bank for Economic Co-operation has provided funds to finance the transaction for the supply of energy equipment from the Czech Republic to the Republic of Belarus. In particular, targeted trade loan totaling about EUR 1 million were provided for a period of up to 6 months to the buyer's bank – one of the largest and most stable IBEC partners among the financial institutions of the Republic of Belarus.   Read more