Agreement with Belarusbank in action
International Bank for Economic Co-operation conducted the first transaction with Belarusbank within the framework of the General Financing Agreement concluded in July 2019. IBEC confirmed the letter of credit opened by the Belarusian bank, with the subsequent provision of post-financing for a period of 360 days from the date of opening of the letter of credit. The deal is aimed at supporting the purchase of industrial equipment from Poland (a machine for weighing and labeling products for use in the food industry) by the Belarusian buyer.
Interaction with the leading bank of the country – Belarusbank – contributes to the expansion of cooperation with the Belarusian financial sector. At the same time, IBEC is consistently fulfilling its mandate supporting the foreign trade of its member countries and promoting economic integration in Central and Eastern Europe.