News

International Bank for Economic Co-operation in partnership with the Development Bank of the Republic of Belarus (BRRB) has implemented a new project to support foreign trade operations. The transaction in the form of a trade credit in the amount of 4 million euro ensured the supply of Belarusian special vehicles, produced to extinguish fires and conduct rescue operations, to Mongolia. Engines are delivered complete with fire-fighting and rescue equipment. The social value of the contract meets the statutory objectives of IBEC in the development of both public infrastructure in member states and foreign trade in the territory of the Bank’s presence.

In March International Bank for Economic Co-operation has implemented a series of trade finance deals with the Belarusky Narodny Bank (BNB-Bank). New loans in the Belarusian direction ensure geographical diversification of business and growth of foreign trade activity in the area of IBEC presence.

Chairman of the IBEC Board Denis Ivanov became a member of the Business Council of the Financial and Banking Association of Euro-Asian Cooperation (FBA EAC). The unanimous election took place at the FBA EAC General Meeting, where Mr. Ivanov participated.

Dear Clients and Partners of IBEC, The continuously evolving nature of the global COVID-19 situation has meant we at the International Bank for Economic Co-Operation are taking all necessary steps to keep business disruption to an absolute minimum.