News

International Bank for Economic Co-operation is consistently implementing the mission to support the economic development of its member states. In the context of the global socio-economic turbulence caused by the coronavirus pandemic, such issues as government support for the population and business, monetary stimulus of economic activity, demand recovery, and financial markets support step forward.

The International Bank for Economic Co-operation and the Eurasian Development Bank have concluded a Memorandum of Cooperation. The agreement was signed by Andrei Belyaninov, Chairman of the EDB Board, Denis Ivanov, Chairman of the IBEC Board, and Ms. Thinh Thi Hong, Member of the IBEC Board.

On May 29, 2020, rating agency ACRA Europe a.s announced the assignment of a long-term foreign currency rating at «BBB» with a stable outlook to International Bank for Economic Co-operation.

New trade finance deals were implemented in the Asian direction — in partnership with the Saigon-Hanoi Commercial Joint Stock Bank (SHB). IBEC provided financing under letters of credit opened for the export of polypropylene.