На български
Bằng tiếng việt
Mongoloor
Po polsku
În limba română
Po slovensky
V češtině
Ru International Bankfor EconomicCo-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
Moody's changed the outlook on the IBEC rating to Positive
06.09.2021
Moody's changed the outlook on the IBEC rating to Positive
On September 3, 2021 Moody’s Investors Service (“Moody’s”) has changed the outlook on the International Bank for Economic Co-operation’s (IBEC) rating from Stable to Positive and has affirmed long-term foreign currency issuer rating at ‘Baa3’.
Read more
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
Support
IBEC promotes customers’ foreign trade and provides cash management services targeted to strengthen regional and country-level synergies
Innovations and
Sustainable
Development
Sustainable
Development
IBEC supports innovative, ‘green’ and socially responsible projects, ensuring sustainable and inclusive growth of member states’ economies
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.
long term
BBB
stable outlook
Baa3
stable outlook
The authorized capital
€400 mln
Including the paid-in portion of €200 mln
Member states
Republic of Bulgaria
EU Member
Baa1/BBB
Moody’s/Fitch Ratings
-4,2%
GDP Growth (2020)
Socialist Republic of Vietnam
ASEAN Member
Ba3/BB
Moody’s/Fitch Ratings
2,9%
GDP Growth (2020)
Mongolia
ACD Member
B3/B
Moody’s/Fitch Ratings
-5,3%
GDP Growth (2020)
Republic of Poland
EU Member
A2/A-
Moody’s/Fitch Ratings
-2,7%
GDP Growth (2020)
Russian Federation
CIS and EAEU Member
Baa3/BBB
Moody’s/Fitch Ratings
-3,0%
GDP Growth (2020)
Romania
EU Member
Baa3/BBB-
Moody’s/Fitch Ratings
-3,9%
GDP Growth (2020)
Slovak Republic
EU Member
A2/A
Moody’s/Fitch Ratings
-4,8%
GDP Growth (2020)
Czech Republic
EU Member
Aa3/AA-
Moody’s/Fitch Ratings
-5,6%
GDP Growth (2020)
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.
Read more 
Financing the procurement of equipment for the construction of solar power plants in Vietnam
This is a forfaiting operation to repurchase a letter of credit debt in the amount of USD 4.8 million for a term of 16 months.
Green Loan Program for SMEs in Mongolia
The International Bank for Economic Co-operation has supported the Green Loan Program of the Trade and Development Bank of Mongolia (TDBM) for small and medium-sized enterprises in Mongolia.
Investing in Green Bonds of Tatra banka
The Bank has invested in green bonds of one of the largest banks in Slovakia, Tatra banka, a member of the Raiffeisen banking group.
Supporting SMEs trade in Poland and Uzbekistan
The funds provided by IBEC are aimed at financing purchases of products from Polish companies and entrepreneurs in the small and medium-sized business sector.
Developing Mongolian transport infrastructure
A targeted loan to the Ulaanbaatar Railway for the purchase of Russian-made diesel locomotives with the attraction of tied financing from Roseximbank JSC under the insurance coverage of the Russian ECA (EXIAR).
Promoting Innovations and Green Transportation
Lending to Laude Smart Intermodal S.A. to support the innovative and sustainable development of European transport infrastructure.
Fostering connectivity by sustainable energy finance
Syndicated loan to cover investment costs associated with the implementation of the energy infrastructure development project — «Balkan Stream».
Green Forfaiting Deal
Green forfeiting deal — the buyout of the obligations of the Vietnamese SHB bank and participation in the financing of the contract for the supply of monocrystalline solar panel modules to Vietnam.
Supporting international scientific developments
Guarantee of the return of the advance payment for the implementation of the contract for the supply of equipment for a unique scientific complex by the Polish company Frako Term.
Guarantees to secure the purchase of pharmaceuticals
Guarantees and counter-guarantees issued on behalf of the Grandcapital company to support the procurement of medicines (pharmaceutical products) from leading international.
Supply of equipment for the production of subway cars
Guarantees were issued to return an advance payment on behalf of the Czech company Strojirna Tyc in the amount of EUR 1.8 mln in order to supply equipment for the production of metro cars.
Participation in the initial placement of debt securities Eustream, a.s.
Participation in the initial placement of debt securities of the Slovak company Eustream, a.s., which transports natural gas to Slovakia and through the territory of the Slovak Republic to European markets.
Syndicated loan for Sovcombank
Participation in a syndicated loan to Sovcombank organized by major transnational banks for financing external trade contracts, including an ESG tranche.
Supporting medical industry in Bulgaria
Loan to Doverie United Holding for the implementation of current projects of the holding’s enterprises, including in the medical industry.
Financing of international factoring
Financing of international factoring in the amount of EUR 0.3 million up to 3 months under Russian-Polish and Russian-Lithuanian contracts for the supply of metallurgical products.
Financing the development of food retail accessibility in Romania
Participation in a syndicate for the Romanian company PROFI ROM FOODS s.r.l. (Profi) — the largest retail chain of food and household goods in Romania.
Financing the supply of fire fighting equipment to Mongolia
The deal in the format of a trade loan in the amount of EUR 4 million ensured the supply of Belarusian special-purpose vehicles to Mongolia — intended for extinguishing fires and carrying out rescue operations.
Development of Russian aviation
Financing to GTLK for the purchase of L-410 aircraft under Russia’s governmental program aimed at the development of the country’s transportation infrastructure.
Modernization of the Romanian telecommunications
Syndicated loan to finance the capital expenditures for the modernization of the Romanian telecommunications company RCS & RDS S.A.
Syndicated loan for the modernization of telecom equipment
Syndicated loan for the modernization of Bulgarian Telecommunications Company EAD equipment.
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.
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.
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
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
Forms of partnership
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.
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