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24 Dec 2019
IBEC signed the agreement with MTBank

IBEC signed the agreement with MTBank

International Bank for Economic Co-operation expands its partnership network in Belarus, which is an important trading partner for most of the bank’s member states. General Cooperation Agreement was signed with the MTBank, and the first trade finance transaction has already been implemented. Pre-export financing of heavy equipment supply from Belarus to Russia was provided in the amount of 2 million euros and for the period of 11 months.   Read more

23 Dec 2019
IBEC took part in the issue of securities of SME Bank

IBEC took part in the issue of securities of SME Bank

International Bank for Economic Co-operation acted as a co-organizer and investor in the securitization of the SME Bank’s loan portfolio in the sector of small and medium-sized enterprises. Bonds issued in the amount of 5.8 billion rubles are guaranteed by the SME Corporation (ACRA rating - AAA (RU)). The rate of the 1st coupon is set at 6.70% per annum. The issue was also organized by Sovcombank, BCS Global Markets, VEB.RF and Promsvyazbank.   Read more

20 Dec 2019
IBEC develops relations with Armenia

IBEC develops relations with Armenia

International Bank for Economic Co-operation and Ardshinbank (Armenia) have provided financing under a foreign trade contract for the supply of consumer goods from Russia to Armenia. Funds in the amount of 0.6 million euros were allocated for six months.   Read more

17 Dec 2019
New deals with Belagroprombank

New deals with Belagroprombank

International Bank for Economic Co-operation is increasing the volumes of documentary business. Another transaction with Belagroprombank has been carried out, the letter of credit in the amount of around USD 1.1 million was confirmed by IBEC. The funds were used to ensure the supply of agricultural products from Russia.   Read more