News

Dear Clients and Partners of IBEC, The continuously evolving nature of the global COVID-19 situation has meant we at the International Bank for Economic Co-Operation are taking all necessary steps to keep business disruption to an absolute minimum.

On March 11, 2020 Fitch Ratings-London has revised the Outlook on International Bank for Economic Co-operation (IBEC), namely: Long-Term Issuer Default Rating (IDR) to Positive from Stable and affirmed the IDR at «BBB-». IBEC’s Short-Term IDR has been affirmed at «F3».

International Bank for Economic Co-operation actively uses a diversified line of trade finance products, putting together instruments of financial and non-financial export support in member states and CIS.

International Bank for Economic Co-operation performed as one of the leading organizers of a syndicated loan for the Uzbek bank Asaka. Credit resources in the amount of 100 million euro were provided for a year and a half to finance foreign trade contracts of IBEC member states. IBEC acts as an organizer of syndication in partnership with Alfabank and AK Bars Bank and provides 12 million euro.