IBEC is expanding operations in the Eastern European direction
The Bank is actively developing the flagship direction of its business profile - support for foreign trade in Central and Eastern Europe. The next tranche in the amount of more than 1 million euros was given to Belarusian OJSC Belinvestbank.
The transaction is carried out within the framework of the General Agreement on financing between IBEC and one of the leading financial institutions of Belarus. The funds were provided to finance the import operations of Belinvestbank's customers for the purchase of Polish and Russian chemical enterprises products.
Thus, IBEC provided targeted financing to the buyer's bank to support the export of IBEC member countries. This is another example of IBEC presence in the multilateral economic integration of Eastern European companies. The support provided by IBEC will allow optimizing the terms of transactions, making them attractive to all the participants, and thereby intensify trade between the largest countries in the region.
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).