The unique geographical composition of the Bank's members contributes to the development of integration between member countries and with other regions, bringing together the economic interests of the East and West. The main directions of the Bank's activities are to support export-oriented companies of the member countries, assist them in entering new markets and participating in sustainable development projects in accordance with the 2030 Agenda. The Bank provides targeted support for export and import operations in the member countries of the Bank by providing loans and participating in syndicated transactions. The difference between IBEC and other multilateral development banks (MDBs) lies in its ability to provide cash management services, including an unlimited settlement function.
IBEC received new investment credit ratings: Baa3 from Moody’s agency with a stable outlook, A- / AAA (RU) from the Russian agency ACRA and BBB with a stable outlook from ACRA Europe. Fitch Ratings agency revised the outlook of
New recruitment system is introduced: candidates for vacancies in the Bank are selected based on an international competition. The Bank places the first in its history bond issue on the Moscow Exchange in the amount of 7 billion rubles (approx. EUR 100 million in equivalent).
The IBEC Council approved the Bratislava Concept of the Bank’s further development providing for the
Fitch Ratings agency assigned the
By order of the Russian Prime Minister, IBEC is included in the list of international financial institutions whose securities are authorized for public offering and circulation in the Russian Federation.
The ECU becomes the balance currency of IBEC. The Bank’s authorized capital is 400 million ECU.
IBEC increases the volume of transactions in Japanese yen and begins to conduct transactions in ECU.
IBEC’s authorized capital is set at 300 million transferable rubles.
The Bank’s aims are to facilitate the implementation of mutual commitments on supply shipments of COMECON member countries and their economic cooperation with other countries by means of multilateral settlements in transferable rubles and convertible currency.