News

The Analytical Credit Rating Agency (ACRA) has affirmed to the International Bank for Economic Co-operation its credit rating A- under the international scale and AAA (RU) under the national scale for the Russian Federation. The outlook for the affirmed ratings is Stable.

International Bank for Economic Co-operation will provide financing to the Russian State Transport Leasing Company (STLC) in the amount of 1.5 billion rubles. This agreement was signed by Mikhail Poluboyarinov, CEO of GTLK, and Denis Ivanov, Chairman of the IBEC Management Board.

International Bank for Economic Co-operation continues to implement its plans to support green economy and social and environmental infrastructure projects. The Bank took part in the placement of a green bond issue by the Romanian group Globalworth. Against the background of the high interest from investors — the total volume of applications exceeded the 400 million issue by 2.5 times — IBEC purchased securities in the total amount of EUR 7 million. Bonds maturing in 2026 were placed with a yield of 3.4% per annum.

International Bank for Economic Co-operation has disclosed interim financial results for the 1st half of 2020 in accordance with the international reporting standards with an auditor’s conclusion based on the results of the review.