News

On May 18, 2020, the Analytical Credit Rating Agency (ACRA) announced that the International Bank for Economic Co-operation was assigned a credit rating on the international scale — A- with a stable outlook and AAA (RU) on the national scale for the Russian Federation, with a stable outlook. In accordance with the national ACRA rating scale, AAA (RU) is the highest rating for the Russian Federation.

The International Bank for Economic Co-operation is expanding the geography of trade finance operations to support the foreign trade of its member states.

Changes in the work of the vast majority of companies and institutions are becoming more persistent and long-lasting. In the face of continuing uncertainty on the timing of the final overcome of the pandemic, the business community begins a dialogue on a new format of cooperation, new models and standards of business communications.

International Bank for Economic Co-operation has implemented another deal to support Russian non-oil exports. A contract for the supply of Russian chemical products worth 0.8 million euro with a loan term of 6 months to Belarus was financed in partnership with Belagroprombank OJSC, one of the key East European partners of IBEC.