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17 Jun 2019
IBEC and Golomt Bank: new horizons for cooperation

IBEC and Golomt Bank: new horizons for cooperation

The delegation of Golomt Bank (Mongolia) paid an official visit to the IBEC headquarters in Moscow. The parties summed up the first results of dynamically developing cooperation in the field of supporting foreign trade and discussed promising areas for business development. It is significant that under the General Agreement, concluded in 2018, the banks have already implemented a package of targeted trade financing transactions for a total amount equivalent to 21.5 million euros. The negotiations resulted in a new agreement on cooperation in the field of trade finance. On the part of Golomt Bank (Mongolia), the document was signed by the President of the Bank, Mr. Ganbold Galsan, on the part of IBEC – by the Chairman of the Board, Denis Ivanov.   Read more

07 Jun 2019
New SPIEF Agreements

New SPIEF Agreements

IBEC delegation continues its active work at the St. Petersburg International Economic Forum. On the second day, a Cooperation Agreement with the largest Russian financial development institution VEB.RF was signed. The document, which was signed by Daniil Algulyan, Deputy Chairman of VEB.RF, and Denis Ivanov, Chairman of the IBEC Board, provides for cooperation in export and trade financing, as well as in the field of investment projects implemented both in Russia and in other IBEC member states.   Read more

06 Jun 2019
IBEC delegation at the St. Petersburg Economic Forum

IBEC delegation at the St. Petersburg Economic Forum

The delegation of the International Bank for Economic Co-operation took part in the St. Petersburg Economic Forum. One of the most noticeable Russian business events takes place on June 6–8 in the northern capital of Russia. Key topics of the Forum are consistent with the IBEC development priorities: digital technology, support for small and medium-sized business, optimization of transaction costs, efficiency and quality of service, horizontal integration. It is telling that delegates from all the member states of the Bank could be seen at the SPIEF, so the St. Petersburg Forum becomes an important communication platform for IBEC.   Read more

05 Jun 2019
IBEC Council supported Bank‘s modernization policy

IBEC Council supported Bank‘s modernization policy

The 133rd Council Meeting of the Bank was held at IBEC headquarters in Moscow. A report on 2018 results was reviewed and approved. During the discussion, the delegations of the Bank’s member states unanimously noted the high rates of implementation of the updated development strategy, the growth of key performance indicators of the Bank, positive dynamics in the structure of operations.   Read more

05 Jun 2019
IBEC is diversifying the sectoral geography of foreign trade operations

IBEC is diversifying the sectoral geography of foreign trade operations

International Bank for Economic Co-operation implemented a series of trade finance transactions for a total amount equivalent to 5.4 million euros. Operations are designed for a period of up to 1 year and are aimed at supporting bilateral trade between member states, and also operations with third countries, in particular with Kazakhstan.   Read more