News

IBEC for the first time acted as a reimbursing bank under a letter of credit of Golomt Bank (Mongolia). The pilot transaction is being implemented under the Agreement, signed in June this year by IBEC Chairman Denis Ivanov and President of Golomt bank Ganbold Galsan, and is aimed at facilitating the procurement of automotive components from Japan to Mongolia.

IBEC has implemented another set of trade finance deals with Belagroprombank, one of its largest partners in the banking sector of the Republic of Belarus.

International Bank for Economic Co-operation conducted the first transaction with Belarusbank within the framework of the General Financing Agreement concluded in July 2019.

International Bank for Economic Co-operation continues to finance foreign trade operations of Golomt Bank (Mongolia) customers.