14 May
2020
Trade finance with Uzbekistan
The International Bank for Economic Co-operation is expanding the geography of trade finance operations to support the foreign trade of its member states. Read more
News
13 May
2020
Financial sector in a pandemic - threats and prospects. IBEC experience
Changes in the work of the vast majority of companies and institutions are becoming more persistent and long-lasting. In the face of continuing uncertainty on the timing of the final overcome of the pandemic, the business community begins a dialogue on a new format of cooperation, new models and standards of business communications. Financial & Business Association of Euro-Asian Cooperationheld a videoconference "Credit institutions activities in times of pandemic." Among the topics discussed are: transformation of customer service models and processes, problems of information exchange with regulators, trade finance special features during quarantine. The conference was attended by representatives of banking organizations from 11 states. The discussion was moderated by Alexander Murychev, Chairman of the Board of the FBA. Read more
20 Apr
2020
New IBEC trade deals
International Bank for Economic Co-operation has implemented another deal to support Russian non-oil exports. A contract for the supply of Russian chemical products worth 0.8 million euro with a loan term of 6 months to Belarus was financed in partnership with Belagroprombank OJSC, one of the key East European partners of IBEC. Read more
16 Apr
2020
IBEC and VEB.RF will jointly support Russian investment projects
IBEC has joined the «Project Finance Factory» program, which is being implemented by VEB.RF, which is the largest Russian development institute. The agreement, signed in Moscow, will expand cooperation between VEB.RF and IBEC on financial support for perspective projects in the Russian market. Read more
13 Apr
2020
IBEC finances supply of fire equipment to Mongolia
International Bank for Economic Co-operation in partnership with the Development Bank of the Republic of Belarus (BRRB) has implemented a new project to support foreign trade operations. The transaction in the form of a trade credit in the amount of 4 million euro ensured the supply of Belarusian special vehicles, produced to extinguish fires and conduct rescue operations, to Mongolia. Engines are delivered complete with fire-fighting and rescue equipment. The social value of the contract meets the statutory objectives of IBEC in the development of both public infrastructure in member states and foreign trade in the territory of the Bank's presence. Read more