International Bank for Economic Co-operation

  • Contributing to economic growth and sustainable development of member states
  • Promoting trade and economic co-operation and integration among member states and beyond
  • Supporting interregional trade and assisting in expansion to new markets
12.03.2020
Fitch revises outlook of IBEC’s investment grade rating to Positive

On March 11, 2020 Fitch Ratings-London has revised the Outlook on International Bank for Economic Co-operation (IBEC), namely: Long-Term Issuer Default Rating (IDR) to Positive from Stable and affirmed the IDR at “BBB-“. IBEC’s Short-Term IDR has been affirmed at “F3”.

Read more
IBEC – multilateral development institution
Development Focus
IBEC develops member states’ national economies by promoting SDG-aligned trade and investments
East-West Bridge
IBEC promotes integration between member states and beyond, bridging East-West relations
Cross-border
Support
IBEC promotes customers’ foreign trade and provides cash management services targeted to strengthen regional and country-level synergies
Innovations and
Sustainable Development
IBEC supports innovative, ‘green’ and socially responsible projects, ensuring sustainable and inclusive growth of member states’ economies
BBB- with a positive outlook
Baa3with a stable outlook
The authorized capital €400 mln including the paid-in portion of €200 mln

Products

Beyond EU Sanctions

The restrictive measures established by EU Council Regulation No. 833/2014 dated 31 July 2014 in view of Russia’s actions do not apply to IBEC’s financial operations in Russia and abroad

BBB- with a positive outlook
Baa3with a stable outlook
The authorized capital €400 mln including the paid-in portion of €200 mln
Member States
  • Bulgaria
  • Vietnam
  • Mongolia
  • Poland
  • Russia
  • Romania
  • Slovakia
  • Czechia
Republic of Bulgaria
EU Member
Baa2/BBB
Moody’s/Fitch Ratings
3,1%
GDP Growth
Equality in
Decision-Making:

One Country –
One Vote

IBEC was established in 1963 and operating under an Intergovernmental Agreement registered with the UN Secretariat under № 7388.

Member States
  • Select country
  • Bulgaria
  • Vietnam
  • Mongolia
  • Poland
  • Russia
  • Romania
  • Slovakia
  • Czechia
Equality in
Decision-Making:

One Country –
One Vote

IBEC was established in 1963 and operating under an Intergovernmental Agreement registered with the UN Secretariat under № 7388.

Projects
Syndicated Loans for Export Development
Syndicated Loans for Export Development
IBEC takes part in the syndicated facility to facilitate support for Slovak export to CIS
Syndicated Telecom Finance
Syndicated Telecom Finance
IBEC participates in financing supply chain facility for external trade support in telecom industry of Romania
header-logo
International Bank for Economic Co-operation (IBEC) is an international financial institution focused on facilitating economic growth and sustainable development of the Bank’s member states, promoting trade and economic integration and supporting interregional relations.
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 function.
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.
The highest administrative body of the Bank is its Council consisting of authorized representatives of all member countries of the Bank. The executive body of the Bank is its Board. Read more
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.

Mission
  • 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.

International partnerships
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.

International partners
  • 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)

Forms of partnership
  • membership
  • association
  • cooperation agreement, MoU
Cookies policy

IBEC.int uses cookies to record information about how people use the web site. This information is then used to refine and develop the site so that it benefits our audience as much as possible. By using IBEC.int you are consenting to IBEC sending one cookie to your web browser. If you do not consent to this you should cease using IBEC.int or change the cookie settings on your computer to restrict their use.

What are cookies?

A cookie is a piece of data that web sites send to a web user’s web browser in order to understand more about that user’s interests and intentions in using the site.

Which cookies does IBEC.int use?

IBEC.int uses several analytics platforms to compile data about overall use of the site and optimise it based on what we learn about our users’ collective interests and habits.

We do not study records of individual users nor do we retain information about individuals’ location or IP address. 

Privacy policy

1. Introduction

IBEC is committed to user privacy and recognizes the importance of having effective and meaningful privacy protections in place when it collects, uses and discloses private information.

2. Types of personal data collected

IBEC may collect certain personal data about you. “Personal data” are data that can be used to identify you or that we can otherwise link to you.

IBEC collects personal data as part of its normal operations in a number of different areas. For example this includes recruitment and marketing activities, project appraisals and use of the IBEC website.

3. Basis for use

When IBEC collects personal data it does so exclusively to the extent necessary to fulfil a specific purpose. The information will not be re-used for an incompatible purpose.

4. Sharing of personal data

IBEC will only disclose information to third parties if that is necessary for the fulfilment of the purpose(s) identified above, if the data subject has given their unambiguous consent or if such disclosure is required by applicable law. IBEC will not divulge personal data for direct marketing purposes.

5. Storage and retention

IBEC only keeps the data for the time necessary to fulfil the purpose of collection or further processing. IBEC will normally decide prior to collection of personal information how long such information should be retained in order to achieve the purpose for which it was collected and once that period has expired IBEC will erase the relevant information from its systems.

6. Your right of access

You, as a data subject, may access personal data held on you and verify its accuracy and, if necessary, correct it. You also have the right to object to the processing of your personal data on legitimate compelling grounds except when it is collected in order to comply with a legal obligation, is necessary for the performance of a contract to which you are a party, or is to be used for a purpose for which you have given your unambiguous consent.

7. Security

IBEC employs appropriate administrative, technical and organizational measures to safeguard personal information under its control or in its possession against possible loss, theft, misuse or unauthorized access, modification, disclosure or destruction.