На български
Bằng tiếng việt
Mongoloor
Po polsku
În limba română
Po slovensky
V češtině
Ru International Bankfor EconomicCo-operation
UN-registered intergovernmental development financial institution
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
IBEC has developed and adopted a methodology for mapping projects with the Sustainable Development Goals
04.03.2022
IBEC has developed and adopted a methodology for mapping projects with the Sustainable Development Goals
The Board of the International Bank for Economic Co-operation has approved the criteria for the alignment of the Bank’s projects with the UN Sustainable Development Goals. The assessment of projects for alignment with the SDGs will be integrated into the decision-making processes on financing and investing in the bonds of corporations and financial institutions. All loan applications considered by IBEC will undergo an appropriate expertise.
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Trade finance in the construction industry
08.08.2022
Information on public holidays in May
25.04.2022
The Chairman of the IBEC Board held a working meeting with the Head of the Mongolian Delegation in the Bank’s Council
11.04.2022
IBEC and VietinBank join forces to finance sustainable development
15.03.2022
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
A-/AAA(RU)
Negative/Stable outlook
The authorized capital
€400 mln
Including the paid-in portion of €200 mln
Member states
Republic of Bulgaria
EU Member
BBB
Fitch Ratings
-4,4%
GDP Growth (2020)
Socialist Republic of Vietnam
ASEAN Member
BB
Fitch Ratings
2,9%
GDP Growth (2020)
Mongolia
ACD Member
B
Fitch Ratings
-5,3%
GDP Growth (2020)
Republic of Poland
EU Member
A-
Fitch Ratings
-2,5%
GDP Growth (2020)
Russian Federation
CIS and EAEU Member
C
Fitch Ratings
-3,0%
GDP Growth (2020)
Romania
EU Member
BBB-
Fitch Ratings
-3,7%
GDP Growth (2020)
Slovak Republic
EU Member
A
Fitch Ratings
-4,4%
GDP Growth (2020)
Czech Republic
EU Member
AA-
Fitch Ratings
-5,8%
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.
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Promoting the development of transport and logistics infrastructure in Vietnam
IBEC implements the first trade finance deal aimed at supporting foreign trade between Bulgaria and Poland.
Supporting Eastern European trade
IBEC implements the first trade finance deal aimed at supporting foreign trade between Bulgaria and Poland.
Contributing to the reduction of the carbon footprint in Romania
IBEC took part in the placement of bonds of the Romanian company Autonom, specializing in car leasing, fleet management, short-term car rental.
Investments in food security
The International Bank for Economic Co-operation is financing the construction of an advanced poultry production unit.
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.
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