International Bank for Economic Co-operation continues to actively develop trade finance operations
On March 29, 2019 International Bank for Economic Co-operation conducted another trade finance operation in the total amount of EUR 1,8 million and all-in tenor of 6 months under the Master Financing Agreement between IBEC and Belinvestbank JSC.
The financing is aimed at supporting exports of chemical industry products from the Russian Federation to the Republic of Belarus for production of high-tech products, further use in various industries and national economy sectors.
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).