International Bankfor EconomicCo-operation

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.

Financial information

Bonds

Investor Information

Member states

Republic of Bulgaria

EU Member

Baa2/BBB

Moody’s/Fitch Ratings

3,4%

GDP Growth (2019)

Socialist Republic of Vietnam

ASEAN Member

Ba3/BB

Moody’s/Fitch Ratings

2,91%

GDP Growth (2020)

Mongolia

ACD Member

B3/B

Moody’s/Fitch Ratings

4,8%

GDP Growth (2019)

Republic of Poland

EU Member

A2/A-

Moody’s/Fitch Ratings

4,1%

GDP Growth (2019)

Russian Federation

CIS and EAEU Member

Baa3/BBB

Moody’s/Fitch Ratings

6,6%

GDP Growth (2019)

Romania

EU Member

Baa3/BBB-

Moody’s/Fitch Ratings

4,1%

GDP Growth (2019)

Slovak Republic

EU Member

A2/A

Moody’s/Fitch Ratings

2,3%

GDP Growth (2019)

Czech Republic

EU Member

Aa3/AA-

Moody’s/Fitch Ratings

2,6%

GDP Growth (2019)

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.

Key projects

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.

Documentary instruments supporting power generation infrastructure facility

Payments for delivery to Russia of a circulating cooling system for a combined heat and power plant from Hungary.

Supporting energy saving technologies

Целевые торговые кредиты банку поставщика (СНГ) для производства и поставок высокотехнологичной и энергосберегающей продукции стекольной промышленности в Чехию.

Support for the export of Russian wheat

Reimbursement undertaking for a letter of credit from the Trade and Development Bank of Mongolia to support Russian wheat export.

Financing the reconstruction of the domestic terminal of the Ufa international airport

A loan to finance the reconstruction of the airport complex of the international airport «Ufa».

Developing Mongolian transport infrastructure

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.

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

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.

Documentary instruments supporting power generation infrastructure facility

Payments for delivery to Russia of a circulating cooling system for a combined heat and power plant from Hungary.

Supporting energy saving technologies

Support for the export of Russian wheat

Reimbursement undertaking for a letter of credit from the Trade and Development Bank of Mongolia to support Russian wheat export.

Financing the reconstruction of the domestic terminal of the Ufa international airport

A loan to finance the reconstruction of the airport complex of the international airport «Ufa».

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.

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