News

A delegation of the International Bank for Economic Co-operation headed by the Chairman of the Board Denis Ivanov visited the Joint Institute for Nuclear Research (JINR) in the city of Dubna. During the visit, a meeting with JINR Director Grigory Trubnikov and leading employees of the Institute took place, after which the Bank's representatives were shown the progress of work on the implementation of the flagship project – the NICA complex.

International Bank for Economic Co-operation has started cooperation in the field of trade finance with HOCHIMINH CITY DEVELOPMENT JOINT STOCK COMMERCIAL BANK (HDBank), Vietnam. This is a forfaiting operation to repurchase a letter of credit debt in the amount of USD 4.8 million for a term of 16 months. IBEC financing ensures the procurement of equipment for the construction of solar power plants in Vietnam.

International Bank for Economic Co-operation has replenished its treasury portfolio with securities from Central European issuers. The bank took part in bond issues of the Slovak Všeobecná úverová banka (VÚB) and the Czech gas distribution company Czech Gas Networks Investments. Both issuers meet the criteria allowing their securities to be included in the “Development portfolio” of IBEC – their activities contribute to maintaining a stable social and economic infrastructure in the member countries of the Bank.

Chairman of the IBEC Board Denis Ivanov met with Ambassador Extraordinary and Plenipotentiary of Slovakia to the Russian Federation Lubomir Regak. The head of IBEC informed the Ambassador about the results of the two-year period of updating the Bank’s business model, the results of activities in 2020, the positive dynamics of international ratings, the first steps to implement the Development Strategy for 2021–2025.