The main activities include support of trade-focused companies in the
Bank’s member states, assistancein their expansion to new markets and participation in
sustainable and Agenda 2030 projects.
The Bank provides target support for export and import
operations in the Bank's member states by extending loans and participating in syndicated
facilities.IBEC’s distinction from other Multilateral Development Banks (MDBs) is the mandate to
provide direct cash management services to customers, including a comprehensive settlement
IBEC was established in 1963 under an Intergovernmental Agreement registered with
the UN Secretariat under № 7388.
IBEC member countries are the Republic of Bulgaria,
the Socialist Republic of Vietnam, Mongolia,
the Republic of Poland, the Russian Federation, Romania,
the Slovak Republic and the Czech Republic.
is its Council consisting of authorized representatives of all member countries of the Bank. The executive body of the Bank is its Board.
About the Bank
The Bank is a supranational intergovernmental organization that enjoys a tax-free and regulation-free status, as well as the support of its member states' governmental bodies and financial authorities represented in IBEC’s Council.
Geographically unique membership contributes to the promotion of integration between member states and beyond, bridging East-West economic relations.
- providing financial support to foreign trade operations implemented by companies domiciled in the Bank’s member states, as well as supporting such member states’ Small and Medium Enterprises (SMEs) that create an added value and aspire to enter new markets;
- facilitating integration into global value chains, increased use of technology, improved energy and resource efficiency of production and services, and boosting competitiveness in accordance with priorities of social and economic development of the Bank’s member states.
One of IBEC’s key priorities is expansion of strategic partnerships, including its due positioning among international development institutions aimed at promoting sustainable development. IBEC cooperates with national (in its member states) and international partners, including development banks, governmental authorities, financial and corporate institutions in order to implement sustainable projects, explore new business opportunities, mobilize resources and improve its activities through best practice exchange and application of internationally acclaimed solutions.
Forms of partnership
- Export credit agencies
- National development banks
- Regional development banks
- National Chambers of Trade and Industry
- International Financial Institutions
- State and private financial institutions
- Commercial banks
- Banking and Finance NGOs (BACEE, ICC)
- cooperation agreement, MoU