IBEC supports the export of Polish equipment to the Republic of Belarus

International Bank for Economic Co-operation to facilitate the export in its member countries supported the delivery of ground support equipment from Poland to the Republic of Belarus, issuing a short-term target loan of EUR 2,2 million. The transaction is implemented under the Master Agreement between the IBEC and Belinvestbank JSC in the beginning of 2019.

From the Polish side, the suppliers of products were AERO-GSE SP. Z O.O. SP. K. The subject of transaction was the delivery of baggage tractors, pallets and container carts for the use on the territory of the Republic of Belarus.

According to the updated IBEC Strategy target financing to support export and import operations of the Bank's member states, including operations with third countries together with geographical diversification of the portfolio are an essential part of the Bank’s key activities. Thus, the first in IBEC’s new history trade-related loan aimed at supporting the export from Poland directly contributes to business geographic growth and development of cooperation with one of the major and systemically important banks of the Republic of Belarus.

Belinvestbank JSC – one of the largest systemically important banks in Republic of Belarus. The Bank has a wide regional network and is one of the largest issuer of banking payment cards in the country. Belinvestbank combines its long experience and traditions accumulated for 26 years of the history of development with an implementation of modern practices of doing business. Starting from year 2015 the bank realizes the Program of the institutional development which is seeking for an increase of its efficiency and commercialization. This Program is implemented with the support of the European Bank of Reconstruction and Development. International Ratings – B (outlook stable).

AERO-GSE SP. Z O.O. SP. K. – one of the leading providers of the complex solutions on the motorization and airports market. Its specialization is sales and services of ground support equipment for aircrafts and passengers. The basic groups of AERO-GSE customers are airports, airlines, handling companies, construction companies mostly from 10 countries (Poland, Estonia, Latvia, Lithuania Belarus, Ukraine, Moldova, Russia, United Arab Emirates, Turkey). The company has a Certificate of Quality Management System in accordance with ISO 9001: 2015 standard which confirm the high level of its professionalism.