News

International Bank for Economic Co-operation has provided a long-term credit line to Metalloinvest company in the amount of up to 40 million euro. The agreement signed by IBEC and Metalloinvest ensures the provision of loans for 3 years, repayment within 7 years. The funds will be used to finance the cost of importing new high-tech equipment. In the context of macroeconomic and socio-political uncertainty, such a long-term transaction demonstrates the confidence of partners in mutual plans and sustainability of business processes.

On May 18, 2020, the Analytical Credit Rating Agency (ACRA) announced that the International Bank for Economic Co-operation was assigned a credit rating on the international scale — A- with a stable outlook and AAA (RU) on the national scale for the Russian Federation, with a stable outlook. In accordance with the national ACRA rating scale, AAA (RU) is the highest rating for the Russian Federation.

International Bank for Economic Co-operation implements its mandate to support international trade despite the pandemic crisis, which has spread not only throughout the territory of the Bank’s member states but has grown into a global planetary threat. In conditions of a forced reduction in business activity, the breakdown of supply chains and production and trade relations, maintenance and financial support for existing contracts are crucial. Now the priority statutory tasks of IBEC as a multilateral development institution focused on the development of international trade have become especially relevant for the economies of all member states of the Bank, for all our partners and customers, including partners from third countries. Active promotion of a&...

Today, the whole world, all human civilization has faced a global threat that has jeopardized the usual way of life, prevailing business practices, our personal plans and social prospects. The joint efforts of political leaders, governments, business community, and international organizations are aimed at countering the pandemic, minimizing economic, social, humanitarian losses and the following early recovery of the normal functioning of our common home — planet Earth.