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IBEC continues to support pharmaceutics

On 26 November 2018 the International bank for economic co-operation (IBEC) issued counter-guarantees to OTP Bank which in its turn issues guarantees to the ophthalmologic company Alcon (Russia).

The implemented transaction is aimed at supporting the pharmaceutical industry and will become a part of the IBEC ‘Development portfolio’.

Overall, IBEC continues to actively broaden the range of provided services and increase credit-documentary portfolio.