News

The International Bank for Economic Co-operation has supported the first issue of green bonds in the Russian stock market history. IBEC subscribed to 10% of the issue of Center-invest Bank securities. In total, 250 thousand bonds with a nominal value of 1,000 rubles each were sold by open subscription. The Moscow Exchange has included Center-invest bonds in the Green Bonds Segment of the Sustainable Development Sector.

The International Bank for Economic Co-operation and the Development Bank of the Republic of Belarus (DBRB) have implemented the first joint transaction on financing the foreign trade operations. Funds in the amount of €15 million were provided to finance the supply of Belarusian non-resource exports to Poland, one of the IBEC member states.

The International Bank for Economic Co-operation actively develops factoring operations for its customers. Together with the National Factoring Company, one of the leaders of the Russian market in this area, another transaction was financed – the implementation of a contract for the supply of rolled steel from the Russian Federation to Lithuania for the production of polymer-coated materials. High-tech products are actively used in construction, engineering and shipbuilding, and agriculture.

The International Bank for Economic Co-operation continues to actively promote the development of foreign trade relations of its member states with the Republic of Belarus. The next trade finance transaction is executed with the Belarusky Narodny Bank.