STATEMENT OF THE INTERNATIONAL BANK FOR ECONOMIC CO-OPERATION (IBEC) REGARDING THE WITHDRAWAL OF THE CZECH REPUBLIC, THE REPUBLIC OF POLAND, THE SLOVAK REPUBLIC AND ROMANIA FROM THE MEMBERSHIP IN IBEC
By this statement, IBEC officially informs that the Czech Republic, the Republic of Poland, the Slovak Republic and Romania withdraw from the Agreement on the Organization and Activities of the International Bank for Economic Co-operation and from the membership in the Bank in accordance with the notices submitted to the IBEC Council by the respective member countries. Accordingly, the Czech Republic withdraws on 26 January 2023, the Republic of Poland withdraws on 29 January 2023, the Slovak Republic withdraws on 30 January 2023 and Romania withdraws on 09 June 2023.
New IBEС partnership on the EAEU territory
At the end of October 2022, the International Bank for Economic Co-operation (IBEC) signed a General Financing Agreement with Armswissbank CJSC, a new partner of IBEC in Armenia. As part of the agreement, in December 2022, IBEC provided Armswissbank with a trade related loan in the amount of 29 million rubles for up to three months. The funds received will be used to finance contracts for the supply of food products from Armenia to the Russian Federation.
Information on public holidays in December 2022 and January 2023
Dear Clients and Partners!
We would like to inform you about the work schedule of IBEC in January 2023.
Due to the public holidays in Russia IBEC will not operate in the period January 1 – January 8, 2023; the first working day will be on January 9, 2023 (Monday).
On December 30, 2022 (Friday) IBEC’s business hours remain unchanged: payment instructions received till 14:00 Moscow time will be processed on the same day, payment instructions received after the stated cut-off time will be processed on the next business day, i.e. on January 9, 2023.
We wish you nice Christmas holidays and all the best in the New Year 2023!