• IBEC ‘Development portfolio’ is actively growing: supporting pharmaceutics

IBEC ‘Development portfolio’ is actively growing: supporting pharmaceutics

On 28 September 2018 at the headquarters of the International bank for economic co-operation (IBEC) in Moscow formal signing of two bank guarantees took place. IBEC issued counter-guarantees to OTP Bank aiming at OTP Bank issuing guarantees to the core suppliers of LLC «Grand Capital Capital»: Gedeon Richter Plc. – RUS in the amount of 150 mln rubles and Sandoz Plc. (Russia) in the amount of 260 mln rubles. The implemented transaction is aimed at supporting the pharmaceutical industry and will become a part of the IBEC ‘Development portfolio’.

“IBEC for the first time has issued counter-guarantees – noted the Chairman of the Board Denis Ivanov at his signing speech – and this transaction will certainly become an essential part of our new business portfolio”.

Overall, IBEC continues practical implementation of the Concept of IBEC further development in terms of provided services both in the context of introduction new products to the market and increasing credit-documentary portfolio.