Start for cooperation with the Belarusky Narodny Bank
International Bank for Economic Co-operation implemented the first transaction under the General Agreement on Financing with the Belarusky Narodny Bank (BNB-Bank). The funds were used to implement foreign trade contracts between a Polish supplier and a Belarusian leasing company.
The General Agreement signed in early August is aimed at the development of export-import operations of Belarusian companies with residents of IBEC member countries. BNB-Bank, specializing in supporting small and medium-sized businesses, will be able to use the entire line of products offered by IBEC for trade financing. Along with access to financial resources of an international bank, this will enable BNB-Bank to provide its customers with even more attractive terms of foreign economic transactions, stimulating international operations in the markets of IBEC member countries.
The concluded General Agreement and the first completed transaction became a launching pad for further active development of the cooperation between BNB Bank and IBEC in the field of trade finance, especially taking into account the significant foreign trade flows between IBEC member states and the Republic of Belarus.