News

International Bank for Economic Co-operation has provided Expobank LLC with the trade related loan of EUR 4.9 mln for a period of 1 year to finance the costs of the Russian exporter associated with further export of materials for metallurgy industry to the Republic of Belarus.

International Bank for Economic Co-operation conducted another trade finance operation in the total amount of USD 0,6 million and all-in tenor of 1 year under the Master Financing Agreement between IBEC and GOLOMT BANK OF MONGOLIA.

International Bank for Economic Co-operation to facilitate the export in its member countries supported the delivery of ground support equipment from Poland to the Republic of Belarus, issuing a short-term target loan of EUR 2,2 million. The transaction is implemented under the Master Agreement between the IBEC and Belinvestbank JSC in the beginning of 2019.

On 28 December 2018 the International bank for economic co-operation (IBEC) issued counter-guarantees to OTP Bank which in its turn issues guarantees to subsidiary of the pharma company EGIS (Hungary).