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In 2019, International Bank for Economic Co-operation continued to implement its updated development strategy, focusing on key business areas (trade and syndicated financing, the SME sector and the green economy support, interbank settlements). By the end of the year, the Bank’s assets exceeded € 650 million, showing growth of more than 61% since the beginning of the year.

At the end of November, the 134th meeting of the Council, the highest governing body of IBEC, was held in Vietnam. Ms. Nguyen Thi Hong, Vice-governor of the State Bank of Vietnam opened the Council meeting with welcome speech. During the meeting, key issues of the bank’s development were considered. First of all, the implementation of the updated strategy of the bank was analyzed and approved, preliminary results of the 2019 were summed up. According to the results of 10 months, the Bank’s loan and documentary portfolio for the first time exceeded 300 million euros, and the bank’s assets exceeded the mark of 500 million euros.

In Hanoi, the capital of the Republic of Vietnam, the business forum «Enhancing Trade Cooperation of Vietnam with CEE and Eurasia» was held by the International Bank for Economic Co-operation co-organized by the State Bank of Vietnam.

Prior to the IBEC «Vietnamese» week, which opens on November 27 with the business forum «Enhancing trade cooperation of Vietnam with CEE and Eurasia», the Chairman of the Bank’s Board Denis Ivanov met with the leaders of the economic bloc of the Republic of Vietnam.